EURUSD takes off as stops triggered

Technical Analysis

Author: Greg Michalowski | eurusd

Breaks above trend line and 100 hour MA

The EURUSD has taken off to the upside.  

The catalyst seems to be a break of the trend line at 1.1281 and the 100 hour MA at 1.12891. Those technical tools, held the pair in check yesterday and earlier today.  The high yesterday reached 1.1309. Above that and the 200 hour MA at 1.13228 will be the next target.

Breaks above trend line and 100 hour MA

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