EURUSD looking for its next squeeze play?

Above intraday trend line

The EURUSD has moved above a trend line on the 5-minute chart (thank you Michael for that line) and we are seeing modest buying. We are also not seeing selling yet. So the buyers remain in control. Above looms the 100 day MA at the 1.1235 level. That should be a tough nut to crack, but...

With the trend line broken and key resistance above, there is the possibility for a squeeze play in this pair if the support holds and the big boys fee like having a little fun with the 100 day MA above and seeing if stops can be triggered. Be aware.

The GBPUSD has marched higher. The USDJPY has marched lower. The AUDUSD squeezed higher in the face of an easing. Maybe it is the EURUSD's turn for a squeeze play? Watch that trend line....