Buyers defended that support zone, the price held above the rising 100-hour moving average, and the pair went on to close higher. Today's advance has extended that momentum, with the EURUSD up 0.22% and trading near the session high at 1.1557, just shy of Monday's high at 1.1558. The 100-day moving average at 1.15686 is the next major hurdle, followed closely by the 50% retracement at 1.1586. Stops can be placed above that resistance zone, while the initial downside target would be a move back toward the 100-hour moving average at 1.1523. The bottom line: The bias remains higher for now, but buyers are approaching a formidable band of technical resistance.