Traded at highest level since mid October but not for long
The EURUSD today traded at the highest level going back to October 15, 2015 rising to a level of 1.14534. That high bested the high price from last week which stalled at 1.1437 (on unemployment day). Looking at the daily chart, the high price remained below the resistance area above which centers between the 1.1435 and 1.1465 price levels. Going back to Feb 2015 there have been a number of swing highs in area.
I know I keep bring it up but the 1.1386 was the closing level on Friday and Monday. ON Tuesday, the close was 1.1383. The swing high price from February was 1.1376. This area has my attention. The 100 hour MA comes in at 1.1385. Stay below and the bears remain in control....Could see a move back down to test the low extremes at the 1.1335 area. The 200 hour MA today is at 1.1336. We have not been below that MA since March 29th.
