Tests 50% of the move down from August high.
The EURUSD has broken higher and went directly to the next target at the 50% of the move down from the August 2015 high. That level comes in at 1.1115. The high reached 1.1116. The price is trading at the highest level since October 23, 2015. The bullish beat continues.
The price is also moving away from the 200 day MA at the 1.10538 area. The price traded above and below the level for a two or so hours. The break to new highs (above 1.1079) triggered stops and the surge to the new high at 1.1116 so far. A break above 1.1115 could trigger some more buying in the pair.
