Near highs from yesterday/earlier today.
The EURUSD extended to a new day high, taking out the high from earlier at 1.05717. Yesterday, the high came in at 1.05735. The high just ticked at 1.0576. Price should go higher right? Not so fast the 100 hour MA comes in at 1.0575 and sellers were waiting there on the first look.
Forex technical analysis: EURUSD moves up to the 100 hour MA….and stops (for now?)
