The EURUSD is testing the 100 hour moving average once again.  The level is currently at the 1.4732 level. 

Over the last 24 hours the currency pair has been wafflling above and below this key moving average on the intraday chart.  Each move, above and below, the pair has not been able to sustain a move higher or lower.  From a trading perspective, the uncertainty is actually a key clue that at some point, the market will get tired of the area/level and a bigger move is likely.  In the meantime, a break above requires a long position and a break below, signals a short.  The result may be a series of small losses, but a bigger move is what the trader should be after in this instance.