The EURUSD continued its run to the upside in the US morning session, but stalled

The EURUSD coming into the US session had bounced near the 200-day MA and the 50% midpoint and looked toward the 100-day MA at 1.08549.

The price did break above that 100-day MA, and in doing so, moved up to test the next target at 1.08656. That level is home to swing levels going back to February (see red numbered circle on the chart below). Sellers leaned and pushed back to the 100-day MA.

Buyers and sellers are more in balanced between those levels with traders now looking for the next shove either below the 100 day MA or above the swing level.

This article was written by Greg Michalowski at www.forexlive.com.