The EURUSD started the US session with the price higher and just above the broken 200 hour MA near 1.15525. Buyers on the dip in the early trading, defended that level and that has led to increased upside momentum with new highs for the week.
The price has also moved to the next key target area defined by the 61.8% and the high of a swing area at 1.1591 where sellers leaned.
In the video, I take a look at the technicals in play and look to answer “What next?”
This article was written by Greg Michalowski at investinglive.com.
