The EURUSD is making a technical break into the close as it moves above its 100-hour moving average for the first time since September 30. That level comes at 1.08129.
Getting and staying above that moving average is a win for the buyers.
The next target comes against the 200 hour moving average at 1.08423. If that moving average can be broken in the new trading day a run toward the 200-day moving average near 1.0872 is not out of the question.
Buyers make a play after the trend move lower shows some signs of losing downside momentum.
This article was written by Greg Michalowski at www.forexlive.com.
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