Price has not closed above the 100 week MA since August 2014
Looking at the EURUSD, the pair moved above the 100 week MA yesterday at the 1.13084 level and after some support buying (at 1.1304 – see chart below), was finally able to move higher. The price moved up to 1.13656. However, today we are seeing a move back lower. In fact, the price moved right back to the 100 week MA and to that 1.1304 level that was support before the move higher (see 5-minute chart below).