Intraday buyers add another leg higher, but run into July and August highs.
The EURUSD was printing new highs as . The data was better but the correction lower found the buyers right where they needed to be (). That was against the 38.2-50% retracement area and against the 100 bar MA on the 5 minute chart (see blue line in the chart below). HOLD THAT LINE.. .YOU GOTTA…HOLD THAT LINE…and the dip did. Buyers showed a willingness to stick with the trend higher.