Stay above buyers still feeling good. A break below and the waters are more muddy.The EURUSD broke above the 1.1876 and ran. The run did take the price above a topside trend line on the hourly at 1.1894. We moved back below the trend line and are back retesting the old resistance level
Category: Breaking technicalanalysis
Stops triggeredThe EURUSD cracked above the 1.1876 level (swing low from June 2010) and on the break, stops were triggered and the price surged higher. The 1.1876 is now support for the buyers.
Like less than a pip, but the buyers still more in control.The GBPUSD ticked to a new session high, but it was only a tick…..or only a pip….or only less than a pip. The prior high reached 1.32443. The new high reached 1.32451.