Forex technical analysis: EURUSD moves to new day session highs

Technical Analysis

Author: Greg Michalowski | eurusd

Moves above  1.1000. 200 day MA at 1.1031

The EURUSD has moved to new session highs and at the same time is moving above the 1.1000 level. The range for the day has now been extended to 65 pips - still a little over 1/2 of what has been a normal trading range over the last 22- trading days at 106 pips. So there is room to roam. The 200 day MA comes in at 1.1031 today and would be a key upside target if the buyers can keep in control. Trading 1.1110 now. 

PS EURGBP is moving higher too.

The stock market has taken a turn to the downside with the Nasdaq falling around 19 points and the S&P down about 10 points on the low (off the low now).   The US bond yields meanwhile are trading at high yields with the 10 year yield up 6 bp to 2.19%. The 2 year yield is also up 6 bp to 0.935%.
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