Trades at NA session highs.
The EURUSD is slowly squeezing higher. Lower stocks? I don't know. Maybe it is because the Ipad will have a stylus.
Whatever, the case, the pair is trading at the highest level in the NY session and not many are getting in the way at the moment.
The close from yesterday comes in at 1.1201. Just before that is the 200 hour MA at the 1.11969 level. The last few days has seen the price move above the 200 hour MA on a number of occasions but falling back down (the biggest break was 13 pips). The price is a few pips away now. We will see if the buyers from below, come on in against the MA resistance level and call it a day. That is what they should do at least.
