Extends move above 100 day MA
So what is the EURUSD chart saying this morning:
The bias remains bullish for the pair, with topside trend line to get above and stay above. The range today is extended at 135 pips vs a 22 day average of 107 pips. That may encourage more profit taking at technical targets (1.1159 being the one being tested now). Watch for momentum on breaks to confirm the buyers still like/love it (and the shorts are still feeling pain).