100 hour MA stalled the rally today
The EURUSD broke above a topside trend line earlier in the day and ran higher. That run took the price close to the 100 hour MA target (blue line in the chart below) at 1.23555 (see earlier post). The high reached 1.2352 (the current 100 hour MA is at 1.23548).
The price has rotated lower and is down retesting the broken trend line. That line cuts across at 1.2310. The low just reached 1.2313. A move back below the broken trend line will be a concern for the longs.
