EURUSD bangs off the 1.2866 and wanders back lower.
The EURUSD was able to get above the 2011 high at 1.2857 but had trouble getting above the trendline at the 1.2866 (see prior post). The price has since wandered back lower in NY afternoon trading. The next target comes in at the 100 bar MA level on the 5 minute chart below at the 1.2825 area. The 100 bar MA has been holding support against this moving average for much of the NY day.
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