Both come in at 1.1759 area
The EURUSD is trading higher and in the process is moving above the 100 hour MA and the 100 day MA at 1.1759. Earlier in the session those MAs were broken, but the break failed. Traders will be looking for the break to hold the level this time. A failure and traders will be disappointed.
Next targets come in at the 38.2% of the move down from last weeks high comes in at 1.17688. Then the 50% at 1.1786. There is a number of swing highs from Friday and Monday at 1.1805. The 61.8% is at that area at 1.18036. That will be a tough level.
It is the day before a holiday in the US. So activity could slow, but the buyers are taking more control.
