Back below the topside resistance area
The EURUSD is back down testing the broken trend line on the hourly chart above.
The move to the upside today was able to extend above the ceiling areas spoken about in earlier posts today. That break should have next pushed the price to the high from Jan 17 at 1.23227.
That target was not reached. In fact the break today was quickly reversed. The current bar stalled below the 1.2296 high ceiling area. Sellers are re-leaning against the yellow area.
That level at 1.2296, is now resistance/risk once again. The lower broken trend line is now support. The battle is on with the bulls trying to "hold serve" and keep the advantage in their court.
