We're still bouncing between 1.0510 and the day's highs
Buyers are certainly winning the battle of 1.0510 for now but sellers aren't letting the price get too far away.
EURUSD 15m chart
The moving averages I highlighted earlier are still in play, though some of the lower timeframe ones have moved down since then.
If we do bust 1.0510 there might be some stops lurking that means we'll trouble 1.0500. Conversely, if we move higher, 1.0570/80 is the next line we're likely to see resistance at. Be wary of chasing a break and looking for a big move as it might just be a small pressure release of the day's range.
