Got that going for us. Was 20 pips. Now up to 31 pips
The EURUSD has moved higher - as the dollar has retreated - and in the process has broken above a symmetrical triangle on the hourly chart at the 1.1172 level (now support). The 100 hour MA (blue line in the chart below) has also been breached. Will the move be faded (in which case look for a fall back below the broken trend line as a clue) or will there be a further gain higher.
The next target to get above is the Thursday high at 1.11878 Then traders might be looking at 1.1212 which is the 200 hour MA. Last week, the pair consolidated just below the 200 hour MA before extending to the low (at 1.11435). The pair is starting to spend more time above the 100 hour MA and is making new highs as I type (up to 41 pips for the day).
