Looking for a breakout trade? EURUSD swings back higher and above 100 hour MA, but below trend line resistance - ConsultFX

Looking for a breakout trade? EURUSD swings back higher and above 100 hour MA, but below trend line resistance

Corrects to retracement levels and bounces The EURUSD continued the move lower that took the price back below its 100 hour MA yesterday.  That fall on the hourly chart stalled at the 38.2% retracement of the move up from the Jan 9 low.  That low came in at 1.2167. The low for the day reached 1.2164. Copyright 2015 Forexlive.com