Highs from October and November
The EURUSD is being dragged down as well after spiking higher in sympathy with the GBPUSD.
The run higher today did extend above its 200 day moving average for the 1st time since July 1 (there were 7 days at the end of June where the price moved above that MA level) at 1.11516.
With the price now below the old swing highs that 200 day MA becomes a target at 1.11516.
Drilling to the hourly chart below, the run higher from yesterday's load to the high today is testing the 38.2% retracement at 1.11627. That is also near the earlier session low. A break below as the 50% retracement at 1.11511. That is also the near the 200 day moving average.
