Technical Analysis

EURUSD takes off as stops triggered

Breaks above pattern line and 100 hour MA

The EURUSD has taken off to the upside.  

The catalyst appears to be a break of the pattern line at 1.1281 and the 100 hour MA at 1.12891. These technical instruments, held the pair in test yesterday and earlier at this time.  The excessive yesterday reached 1.1309. Above that and the 200 hour MA at 1.13228 would be the subsequent goal.

Breaks above trend line and 100 hour MA

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