A new hourly bar has just started with the price coming off a new high for the day at 1.27458. If the price can now stay above the 100 hour MA at 1.27306, the buyers would be more in control. Move below - and below the 200 hour MA at 1.27208 - and sellers are back in control (and the chop too).
Buyers making a play.
The next target is the 38.2% of the move down from the December 21 high at 1.2754. Get above, and the buyers feel better.
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