EURUSD rebounds from support and looks to test intraday resistance

The EURUSD reached the 1st target at the 1.2486 but fell short of the 100 hour MA (1.2474 currently). (SEE PRIOR POST) The low reached 1.24803. The price has rotated back higher and now looks toward resistance against the 38.2% of the move down from yesterday at 1.25214 and the 100 bar MA on the 5 minute chart. London is looking to exit and the 11 AM fixing is to come. A move above the 1.2514 area and there should be increased upside momentum (see targets in the chart above).