The 200-day moving average was the launchpad for another rally in EUR/USD today.
The 200dma has been a conspicuous level of support for the pair in the past several weeks.The most-recent test of the 200-day led to a 200+ pip rally.
The 50% retracement of the recent slump comes in at 1.2949 with 61.8% at 1.2978.
There is also talk of offers at 1.2950 and 1.2960.