Forex technical analysis: EURUSD bases against MAs and rockets to new highs

Trades above swing area
In an earlier post, I spoke of the 50% midpoint at 1.2359 and the hourly MAs (blue and green lines in the chart below). 
That 50% retracement level was broken. The price moved to the 100 hour MA at 1.2341 area.  Buyers showed up and the price rocketed back higher. The price high

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