...for a moment at least
As the London fixing approaches, the EURUSD reached to new session highs but just barely. The old high was 1.80639. The new high 1.08659. The price is back down at 1.0855 in skittish and choppy trading.
The low for the NY session took the price down to the 1.0830 level which also happened to be the close area from Friday (at 1.0828).
The move to new highs has taken the price above the topside trend line at 1.0853. The range for the day is still rather pathetic at 46 pips now. The low range for the year is 50. Can we NOT break the record today. London fix and European close coming up. A move to 1.0870 would do the trick. Other upside targets if the ball really starts going is 1.0906 (which is the high from Friday). The 1.09147 is the 100 hour MA now .
The 1.0852 is the broken trend line now (close risk)..
