EURUSD makes a break to the upside

Technical Analysis

Author: Greg Michalowski | eurusd

Quick 20 pip move to to the upside

The EURUSD has made a quick move to the upside over the last few minutes. Looking at the 5-minute chart below , the 200 bar MA moved down to catch up with the price. The price moved above and the price has seen a momentum move.  

The pair is testing the 61.8% of the move down from yesterday's run lower.

There does not seem to be any catalyst for the move higher.