Above trend line and 100 hour MA. Tests 200 hour and 50% retracement.
The EURUSD is in the midst of a cluster of resistance defined by MAs trend lines, and retracements.
The price has moved above a trend line and 100 hour MA at the 1.1156-574 area.
Above that level sits the 200 hour MA (green line) at 1.11639 and the 50% retracement at 1.11649.
Decision time for traders.
Kick the pair above the entire cluster (including the 50% and 200 hour MA). If done, the next target would be up at the 61.8% at 1.11766.
Or
Move back below the 100 hour MA and trend line and rotate back toward the 1.1141-435 area. The price based near that level before moving higher.
