200 hour MA, 100 day MA, trend line. All come together
As the NY trading day begins and traders await the US housing and builidng permits at 8:30 AM ET, the EURUSD is taking a back seat to the GBPUSD which has surged higher on the better than expected UK core CPI. In fact, as the GBPUSD soars, the EURUSD is trading down on the day.