Above 100 hour MA and 100 bar MA on 4 hour chart
The EURUSD spiked from 1,1220 just before the decision to a high of 1.12534. The move took the price above the 100 hour MA at 1.12247 and the 100 bar MA on the 4-hour chart at 1.12348.
The high price fell short of the next key target at the 100 day MA AND the 50% retracement of the move down from the June 12 high. That comes in at 1.12618. Just above that is the 200 hour MA at 1.1268.
The price has come off the high toward the 100 bar MAs below. So far the 100 bar MA on the 4-hour has held. Stay above and the bulls remain in control. Move below and the waters are more muddy.
