EURUSD breaks above 100 day MA.

Technical Analysis

Author: Greg Michalowski | eurusd

Not a whole lot of stall.  Stops being triggered


Not a whole lot of stall.  Stops being triggered
The EURUSD went through the 100 day MA like it wasn't there and that is leading to stops and traders squeezing the pair higher (see Adam's earlier post: EUR/USD could be trying to make a break).

Looking at the daily chart, the pair is moving up to test the 1.1400 leval and the 50% of the move down fromt he January high at 1.14016 (see chart below). A move above keeps the tilt in the favor of the buyers.

EUEURUSD on the daily chart is testing the 50% after breaking the 100 day MA without much problem
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