June 30, 2014. The last time the EURUSD closed above the 200 day MA
The EURUSD is banging (well actually went through) the 200 day MA door at the 1.1338 level (the high extended to 1.1352 so far). The last time the pair closed above the 200 day MA goes back to June 30 2014. That is a long time.
The next target of the daily chart above comes in at the 1.1389-91 area. The 1.1389 is the trend line connecting the 2015 highs. 1.1391 is a swing high from May. The chart above shows the other swing highs that have stalled rallies going back to February.
