Back above the 200 hour MA.
The EURUSD is whipping good....today. Ups and downs.
The latest based off the 100 hour MA and took the price back above the 200 hour MA at 1.16205.
Dare I say, that MA is now support?
If the momentum continues (and the price takes out the high for the day at 1.16436), the 38.2% of the move down from the October 26th high comes in at 1.1661.
Remember the August 2017 swing low was at 1.1661. The early October low, was at 1.1668. The neckline from the head and shoulder comes in 1.1673. That break is still alive Can the price stay below and keep the head and shoulder formation alive (it looks so good)? The price action from "the market" will decide. Right now the buyers are making the play intraday at least. If it continues, we will see how the test holds up.
