Technical Analysis

The pair opened with a gap higher in the morning, but gave back gains already I’ve said it last week, it’s a good opportunity to fade the fear – and that was the trade this morning. EUR/USD opened near the 1.2270 levels but the pair is trading at 1.2230 now. The dollar has also recovered
High today stalled at the Monday swing high… The EURUSD is visiting the ubiquitous 100 hour MA at 1.2242.  This week that MA was broken on Wednesday.  Yesterday, the price traded above and below the line.   Most of the price action today has been above the level.   Today’s price move higher did stall near swing