EURUSD testing highs for the day. Is the market a man or a mouse?

The EURUSD held the 100 hour MA below at the 1.3613 and is back up testing the high for the day.  Of course the market has seen this before only to get scared and move back down.  So expect the customary profit takers.  A breakk would target 1.3654 which is a consolidation area for the pair  A move back down, well it has the 1.3613 level as continued support.

Is the market a man or a mouse?  I would so welcome a break just to make things interesting but it is not my decision. It is the will of the market.

This entry was posted on Wednesday, March 10th, 2010 at 9:48 am and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.