The 38.2% tested ... ummm broken (and the 100 day MA as well) on the correction as shorts scramble
The EURUSD is on the comeback trail after falling to prior swing low levels at 1.1128-36 area. The rally has just pushed above the 38.2% and is how back up testing the 100 day MA at the 1.12213 level. That level should give cause for pause, but sentimant has turned completely around in the GBPUSD and the EURUSD is catching the fever too. In fact just broke above that MA like a hot knife through butter and racing to the 100 hour MA. S&P index is unchanged on the day now.
