New high reached but quickly reverses. Intraday support holding too. A new battle is on as London trading comes into the home stretch.
The EURUSD pushed to new session highs and in the process took out the three prior highs at the 1.0650 area (give or take a pip). The high reached 1.06535. The price moved back lower but based right at the 100 bar MA on the 4-hour chart at 1.06329. The close yesterday was nearby at 1.0634.
The range remains contained but the pair has narrowed the risk defining levels with 1.0632-34 and 1.0650 area the battle line for intraday traders.