The EURUSD is now breaking above its 200-hour transferring common at 1.10037. The 50% midpoint of the transfer down from final week’s excessive is available in at 1.1030 and is the following upside goal. The excessive from final Friday and Monday got here in close to 1.1045. These are additionally targets on extra upside momentum.

Shut threat is now on the 200-hour transferring common degree (give it to a transfer beneath the 1.1000 degree). Staying above is extra bullish. Transfer beneath and merchants could be upset on the failed break.

US shares are buying and selling greater forward of the open:

• NASDAQ index is up 66 factors
• S&P index is up 13 factors
• Dow industrial common is up 63 factors