Rallies into the 4 PM fixing and continues to squeeze
The EURUSD has pushed back above the 200 hour MA as the London 4 pm fixing approached and we are seeing follow through buying. The price is now targeting the 61.8% of the move down from last Friday's high at 1.07485. Topside trend line comes in at 1.0763. The high from November 16 comes in at 1.0758. Look for sellers to stall near these levels on a test.
