Approaches 100 hour MA and key swing area.
The EURUSD has now squeezed above the 1.1400 level and is working it’s way toward some key levels including the 100 hour MA at 1.14207. Just above that level is a key swing level at 1.14315.
Earlier in October, the swing low n Oct 9 reached 1.14315. ON October 19, the price tested that level and bounced. On Wednesday that double bottom was broken and yesterday the level was tested and found sellers. KEY LEVEL. On a test, I would expect that the buyers would have cause for pause (with stops on a break above).