$EURUSD moves higher overnight but runs into yesterdays highs
The EURUSD moved back through the 100 hour MA at the 1.5019 level after holding the 200 hour MA earlier in the day and the 1.4967 level which was the close from Friday’s trade. The price move higher has been capped at the highs from yesterdayat 1.5083 (high reached 1.5082). A break of this level today will be needed to spur on further upside momentum. On the topside the 1.5100 level and then the high for 2009 at the 1.5144 level are the next targets for the pair. Moves above those levels should propel the pair higher.
On the downside, the 1.5062 level was the old 2009 high until the move to new highs last week. This area seems to be holding the downside and may be a key pivot level for todays trade. Aggressive traders may look to be long above this level and short below. With a break to the downside next targeting the 100 bar MA on the 5 minute chart at the 1.5042 level (currently but moving higher). Watch these levels today.
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