The EURUSD (NYSEARCA:FXE) has developed a nice up trend line that currently comes in at the 1.3193.
- The price has tested the trend line now on 3 separate occasions. A move below line should solicit selling today with the 1.31848 the next target (38.2% retracement). Below that level the 1.3169 area will be eyed with the 50% and the 100 hour MA.
- On the topside, the 1.3211 was the high price on April 12th. Since then, the price has ventured above the level on 3 separate occasions (including today).