The quick move has everyone wondering what happened. What the price did do was refute the new lows and clawed back above the midpoint of the days range at 1.21897. The move back above the broken intraday floor at 1.2181 also helped from a technical perspective.
Now new day highs are being made as the low liquidity and surprise move has traders off sides. The next stop is the 1.2230 which is hte 38.2% of the weeks range. Above that the 100 hour MA and 50 % of the weeks range come in at the 1.22499 area. Watch for support at the old day highs at 1.2215-1.2217 now
