Between 100 and 200 hour MAs
The EURUSD moved to the highest level of the day as North American traders entered for the day, but has quickly backed off.. In the slow but steady climb into the NY open, the price extended back above the 1.0961 – 1.09678 area where there has been a number of swing highs and lows going back to July 21 (see chart below). . The price also moved back above the 100 hour moving average (currently at 1.0971 – see blue line in the chart below). The price has since retreated back below this MA line to a low of 1.0966.