The EURUSD has squeezed higher and is now testing trend line resistance and the 38.2% of the move down from Friday’s high to the low on Monday. That level comes in at the 1.3038-41. There should be some selling against the level with stops on a further squeeze higher this afternoon. On a break higher the next target would be 1.3065. The gap from Friday at 1.3079 and the 100 hour MA at 1.3087 are also targets.
