Test underside of broken trend line.
It is hard to get in front of a freight train, but the EURUSD is testing the underside of a broken trend line at 1.1445 area. Can it give a cause for pause for the buyers? Maybe, but it is on a trend move, so don't be too cute. So far the level is holding though as traders lean and take profit (stick a low risk short on?) . A correction should find buyers near the Feb 28 high at 1.14188. The March 1 high is at 1.1408. I would expect a correction to stay above these levels.
Looking at the daily chart the pair has the 200 day MA at 1.14814 as a target on more upside momentum. If tested, that should have some sellers leaning.
