200 hour MA now the target
The EURUSD broke higher above the underside of the trend line and above the 100 hour MA at 1.15978 as well. The more positive Barnier comments sent the GBPUSD running and the EURUSD followed along. The price has been able to stay above the 100 hour MA. Bulls are keeping the control.
The 200 hour MA at 1.16209 is the next target (green line) on more buying.
As pointed out earlier, the price bottom today stalled at 1.1525. That was between swing levels on the daily chart.
The range is 91 pips. The 22 day average range is 85 pips. So there could be some stall. Let's say, there is a battle now that we are between the 100 and 200 hour MAs.