EURUSD moves to NY session highs
The EURUSD stalled the fall at the support level defined by the 38.2% and the swing lows. The price took another step higher on the headlines above the 100 hour MA at 1.16815.
The price stalled against the topside trend line on the hourly chart and is backing off a little now.
As the market ebbs and flows, the bias does too (from a technical perspective). However, we are now defining extremes at the topside trend line at 1.17047 and the lower floor at 1.1652-54. IN between is the 100 hour MA at 1.16815. Stay above and there is a chance for another test (and perhaps a break) of the topside trend line (stops on a break?)
If the 100 hour MA is rebroken to the downside, the buyers grumble and we would look toward the 200 hour MA and the floor as possible tests (once again).
