The EURUSD is pushing higher in NY afternoon trading as the failure to move lower disappointed and it seems the shorts simply covered. The move is a reversal of the earlier move where buying falled to impress on the topside and the better US ISM data sent the price lower. Such is the market we trade in this week for this pair.
Looking at the hourly chart, the price is now looking toward the 100 hour MA which comes in at the 1.3055 level. The high for the NY session comes in at the 1.3053 level (see chart above). A move above the 100 hour MA and triangle trend line resistance at the 1.3065 level will be the next level followed by the 1.30725. The 200 hour (green line in the chart above), the 38.2% of the move down from the February 25th high and the high from last Friday represent a target area at 1.31000 currently.