Technical Analysis Update: EURUSD…You have a decision to make…. via ForexLive

This is my picture from earlier in the day (CLICK HERE). The EURUSD broke back above the  resistance and has some final pieces to get above – the 200 and 100 hour MAs (green and blue lines).

Without getting any more complicated, it is time for the market to take the next step.  Either head above the two MAs, or fail and head back below the 1.2895 area (and stay below – the Red zone).

EURUSD hanging near the highs….what do you want to do market?

The bulls can write the story. The bears can write the story.  The “market” (i.e., the collection of the buyers and sellers in the aggregate) will decide the victor.

posted via ForexLive