Testing the selllers
The EURUSD is up testing the 100 hour MA, trend line and high for the day. The 100 hour MA and topside trend line come in at the 1.1086. The high for the day is 1.1094.. This is an area that if it holds, the sellers might be inclined to reenter and push the price lower. If not...be prepared for a potential squeeze that would next target 1.1115.
The GBPUSD is testing it's 100 hour MA at the 1.5622 level. The price is above MA and the 38.2% of the move down from the June 29 high. Can the momentum continue and move to toward 1.5653 or will the push fail.
Markets on alert at the key levels.
