The EURUSD is spending more time above the 100 day MA

Are the buyers lining up?

The EURUSD ran up before the beige book, came back down just before the release and has moved back higher since the release.

The run up higher moved above the 100 day MA at the 1.11766 level. The correction lower came back to the line (actually a little below it). The post-beige book trading has been above the MA line at 1.1176

It seems to me the buyers may be lining up and taking more control this time,OR I am getting sucked in once again. I have to respect the 100 day MA bias even if it has not been the best predictor of bullish or bearish and there are highs that are keeping a ceiling on it.

For those who feel the urge to sell high again, from what I see, I would not do it while the price is above the 100 day MA.