- The EUR/USD is finding buyers at the moving average (blue line). The market will probably have to get closer to the February 1st close.
- The rally on April 4th is probably not enough of a test of the February 1st close. This lowered the probability of the selloff over the past couple of trading days.
- Overall, the market probably needs to get closer to the February 1st close to find out if more buyers or sellers are back at the February 1st close.
EUR/USD Profit Taking at the Moving Average
