The MA put a lid on the pairs earlier
Both the EURUSD and GBPUSD are moving a touch higher and in the process are moving back toward the key 100 hour MAs for each pair.
The EURUSD 100 hour MA comes in at 1.17508. The high earlier in the day stalled just ahead of the line and rotated back down toward support at 1.1712-15.
For the GBPUSD, the 100 hour MA comes in at 1.34094. Like the EURUSD, the pair stalled at the 100 hour MA not once, twice but on three separate occasions.
The stories are still the same for each. They are each trying to base and correct, but the momentum is not exactly running.
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