Dollar selling across the board sends the EURUSD to the next target/above 100 hour MA
The 3rd time was the charm (see prior post). The price of the EURUSD has pushed higher and ticks against the underside of the broken trend line now. The high from yesterday comes in at the 1.1223. The 100 day MA is above at 1.1274. On Friday when the 100 day MA was at 1.1299, the high price found early sellers at the 1.1289 (with likely stops above the 1.1300 level). PS the 61.8% of the move down from the high is at 1.12038, making the level even more important today.... For the bulls out there, what was once resistance is now support. That means the 100 hour MA (at 1.1168 currently).
