It is Friday - and moving toward the Friday London fixing (i.e. potential for fixing flows) - but the EURUSD is testing that key MA level at the 1.0794 level. The price just printed 1.0797 and backed off a bit. Yesterday, the price moved above that line and stayed above for 9 hours, before heading back lower. Earlier this week, there were little peeks above the MA line but no momentum.
The move higher is a break back above the yellow area that was defined by a bunch of swing levels (now support). The low today stalled just above the 1..0706 level. SO buyers have been more in control, BUT that 100 day MA remains a tough - and key level - to get above if this pair is to push higher.
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