The price moved above the 50% at 1.0999 (move down from Feb high)
It is tough to stop a freight train, and the EURUSD is a freight train. The pair just shot up above the 50% and the 1.10000 level in the process.
Looking at the 4 hour chart, the pair got above the 38.2% at 1.1840 and then the 100 bar MA on the 4 hour chart at the 1.0924. It was not long after that, the 1.1000 level was being broken.
Now the price is back below the 100 bar MA ( or it was)..
The 5 minute chart has the 1.08798 to 109165 as the 38.2%-50% of the last huge trend move higher. That is wide, in and of itself. I would be careful at these levels. The market may have gotten a little ahead of it's ski's up at > 1.1000. . The range is 472 pips so far. Watch 1.08408. That is where the market started to rocket higher (see 5 minute chart). If there is a flush lower from here, that level should hold.....RISKY BUSINESS.
