Retraces earlier losses
The EURUSD has retraced back toward a topside trend line on the hourly chart (at 1.1558), and toward the close from Friday at 1.15656 area.
The high price reached 1.1563 - between the two levels.
Drilling to the 5- minute chart, the price also moved above its 100 and 200 bar MAs on the run higher. Earlier in the day, the 200 bar MA stalled the rally. The move off the high is trying to stall the fall now.....Stay above keeps the corrective run alive.
See earlier post on EURUSD technicals here.