Bulls/buyers remain in control in the EURUSD

Moving above the 100 day MA

Earlier, I commented that the 100 day MA was stalling the rally in the EURUSD but that the 38.2-50% of the last move higher on the 5-minute chart would be eyed for bias clues. Here is the chart:

Here is what has happened:

The 50% held at the 1.1452 level. The price has moved higher.

We currently trade above the 100 day MA by a few pips. Can the momentum keep moving. It should. The sellers have not been able to take control. The buyers remain in control.