The EURUSD tested the 100 hour MA hard, but bounced...
The prior post outlined the level where all the fun started yesterday - well , it was actually not a level, but the 100 hour moving average.
The 100 hour moving average came in at 1.1219. The price did dip to 1.1213 - it was close to giving way - but the sellers got scared and turned to buyers (or so it seems).
The corrective target outlined in the post is now being tested at the 1.1248 area and so far holding the line...
HMMMM. The crowds are gathering between the support and resistance. Traders have a different mindset today. They continue to be disciplined. They are being aggressive. If the sellers are to keep the control they are trying to wrestle away, this once again becomes a test...A different test then the one from just an hour or so ago against the 100 hour MA....
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