The EURUSD pushed above the 100 hour MA at the 1.2585 level but the bullish bias from such a move was short lived. The price has quickly rotated back down and has now dipped below the 200 hour MA (green line) and tests the 61.% of the move up from the June 12th low (at 1.2561 and 1.2557 respectively). This is a key area with a break looking toward trend line at the 1.2530. Holding may just be another reason for the intraday traders to do another lap toward the 100 hour MA again. Although the range is a healthy 191 pips, look for stops below the 1.25575 level. Corrections have been shallow today suggesting sellers remain in control.