EURUSD testing the 100 hour MA and near a key swing area ...Middle East

Just above that is a swing area between 1.0448 and 1.0461 and the falling 200-hour moving average at 1.04719 (green line on the chart above).

Now after bottoming near the November low, the price is stretching higher.

The question is "WIll the sellers lean against old support RIGHT HERE?" or "WIll the buyers take back control after the failed break lower this week and testing the November low?" .

That is the decision right here. Be aware.

This article was written by Greg Michalowski at www.forexlive.com.

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