EURUSD's run has set the risk area.

If going higher, stay above 1.2472-745

The EURUSD moved up to just short of the 1.2500 level. The high reached 1.24978. The high from January 26th reached 1.24924. There is some stall against the 1.2492-1.2500 area.

OK... maybe it stalls but is there a risk level below that would say "The high is in place for now."

Looking at the 5-minute chart, the high yesterday reached 1.24745. The swing low off the high stalled right around that old high level. Moreover the 38.2% of the last leg higher comes in at 1.24722. Add the "old trend line on the daily chart at 1.2476 and we have the risk area.

Stay above 1.24722-76 and all is ok with the bull move. Move below and traders looking for more upside, should start to think twice about that idea.