| The EURUSD is now higher on the day. The EURUSD had a lid on the upside in the Asian/early European session against its 200-hour MA, and then was pressured in the European session helped by weaker German IFO data. However, the fall has seen a rebound in the early US session and the rise has seen the price move above the 200-hour MA at 1.09145. The price is not "running" higher, but the bias is tilting more to the upside above that level with the 100-hour MA at 1.0931 as the next upside target for buyers/bulls. The best case scenario for the buyers is to stay above 200-hour MA in the short term, but traders - who are bullish - may also look down to 1.08955. |
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