Can't go down (or extend below MA support), so goes back up
The EURUSD has scooted higher in the last few minutes of trading. The failure to go lower and extend below the 200 hour MA has led to buyers reentering on the move back above the 38.2% retracement and consolidation area (see chart below).
The pair trades between the 100 and 200 hour MA (green and blue lines in the chart above). Better than expected IP and Cap Utilization was good for a small dip before the pair moved back higher.
JOLTs and Michigan Consumer Confidence is up next.