With the euro looking like a currency on a mission, where are the next big tech levels?

The euro has spring in its step today, which has taken it into 1.1000 and just to a new day's high at 1.1034.

EURUSD daily chart

Just up ahead we have the broken Jan support line at 1.1060, the 55 wma at 1.1090 and then a nice confluence of the dma's between 1.1138-1.1176. Adding to the moving average party is the 100 wma at 1.1166.

Those 1.11 moving averages look a good spot for longs to think about taking some profit and for new shorts to think about getting in. When we want levels to lean on or to define our risk, the more that are in the mix, the stronger the level can become. As always, judge the reasons why we may move there first before looking to trade. Depending on where we are for tomorrow's FOMC, the expected unchanged announcement might see the buck sold just enough to get us up there and that could be a good opportunity for a short into the Dec FOMC.