EUR/USD Running Into Further Resistance After Breaking Above 1.4894

The EURUSD pushed through the 200 bar MA and old corrective high at the 1.4894 (see prior post) and as one might expect it led to some buying interest from profit taking shorts and new longs. The price has moved up to the 1.4917 level where the 50% retracement of the move down from yesterday’s high is found. Also above is resistance off the 100 hour MA at the 1.4923 level currently.  Look for sellers against these levels  with support now centered on the 1.4894 level.

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