EURUSD softens to the 100 hour MA - ConsultFX

EURUSD softens to the 100 hour MA

High today stalled at the Monday swing high... The EURUSD is visiting the ubiquitous 100 hour MA at 1.2242.  Today's price move higher did stall near swing highs from Monday, Tuesday and Wednesday. Yes, there was a run above those highs (see yellow area) on Wednesday, but failed quickly and the prior highs reestablished the ceiling (including Copyright 2015 Forexlive.com