New high for the week
The EURUSD is extending above the 100 hour MA (blue line) at 1.11036, and the broken 38.2% at 1.1107 as well. Stay above the 100 hour MA will now be eyed as the close risk intraday.
The break is another tiilt in the bullish direction for the EURUSD (the inability to get below the floor earlier was a bullish tilt).
The next targets come in at the 200 hour MA at 1.1120 and the 100 day MA at 1.11223. The combo will be another key barometer for the buyers and the sellers. Move above is more bullish. Stay below on a test would give the sellers some confidence to reenter.
