At the start of the US trading day, the price was trading near the 200-day MA at 1.08162 (green step line on the chart above). The price action moved through that level in the morning session, and in doing so, moved toward the next in what was a cluster of technical targets. The second target came in at the 50% retracement of the move up from the June 26 low at 1.0806. That level was also broken with the price moving to a low of 1.0802. However, what could not be reached - or breached - was the third target at the 100-day MA at 1.07958. The price could not reach that level, and the price bounced higher. Since then, the 200-day MA has been rebroken at 1.08162. The high has reached up to 1.0
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