The EURUSD looking to test the breakout point.

After an epic squeeze higher the last few weeks the EURUSD looks to be in the midst of a pullback. The 1.1230-50 level looks to be strong suppoort as this was the breakout point  (December highs) as well as the 61.8% Fibonacci retracement of the lows near the 200dma to highs which come in at the 1.1249 level as well. RSI is working off overbought readings so this pullback was to be expected.