Forex technical analysis: EURUSD extends to session highs before data

Technical Analysis

Author: Greg Michalowski | eurusd

Housing starts, Philly Fed and Claims up at 8:30 AM ET

The EURUSD has moved to new session highs ahead of the days 8:30 economic releases.  The price also moved above 2 converged MAs at 1.06472 - the 200 hour MA and the 200 bar MA on the 4-hour chart - but has come back below.  

The high price reached 1.0655. The swing high from Monday (that is the high for the week) comes in at 1.06578.  There has been a number of swing levels near that level (see red circles in the chart below).   A move above that level is more bullish.