Back above the 1.0519 level...
It was good while it lasted (see prior post)
The EURUSD was moving lower and moving away from the 1.0519 level outlined in an earlier post. The low reached 1.0495. Then all hell broke loose.
There was a headline that French Centrist Bayrou would not stand in Presidential election and that news pushed the price screeching higher (see Adam's post). The pair moved up to 1.0544 - back above the 1.0519. The tide turned. The bears turned to bulls.
If staying below the 1.0519 level was more bearish. The move back above is more bulihs. The next target is topside trend line at 1.0549. The 38.2% of the move down comes in at 1.0564.