The EURUSD has marched up to the 5th target level (see earlier post HERE) against the 200 hour MA )green line) and underside of the broken trend line at 1.2430-34 area. The move has taken out – with more conviction this time – the cluster of resistance from the 100 hour MA (blue line), underside of broken trend line, lows, 50% retracement, prior lows all at the 1.2393-1.2400 area. This area is now support. The next level in the progression higher comes in at the topside trend line at the 1.2470 area (green circle 6).
EURUSD has made it to the 5th upside targer