It ain’t much, but the EURUSD is stretching higher and has reached the 100 hour MA at 1.05213. Get above and another run to the 100 bar MA on the 4-hour chart comes in at 1.05322. Yesterday, buyers had their shot above that MA at highs but once again failed. It failed on the move above last Friday.
This article was written by Greg Michalowski at www.forexlive.com. Source