The price of the EURUSD was able to move above the resistance area (up to 1.21972) and stops were triggered. The topside resistance now comes in against the 200 bar MA on the 5 minute chart at the 1.22157 level. The high has reached 1.2202. Look for support now against the 100 bar MA at 1.2195. If the price breaks below this area, the action higher will be viewed with skepticism and the shorts may reestablish. Some of the trend luster, is tarnished on the move.
