Trades around hourly MA levels. Moves away from 100 day MA
The focus turned more to the US with the weaker than expected retail sales report. The price of the EURUSD has moved sharply higher on the news, corrected and is looking to get and stay back above the 200 and 100 hour MA (green and blue lines in the chart below) at the 1.1057 and 1.1067 levels respectively. If the dollar bulls are to take center stage for this pair, a move above and staying above will be eyed by traders today. KEY area. The high reached 1.1077 on the initial spike higher. Subsequent highs have come up short.. It needs another push above this resistance area. Where are you buyers?