200 hour MA, trend line and swing area being tested again
The EURUSD has moved back down to retest the 200 hour moving average at 1.21335, a swing area between 1.21315 and 1.21403 and an upward sloping trendline near 1.2134. The pair moved above that level in the London/European session and retested earlier in the North American session.
The highs today moved above the 38.2% retracement 1.21658, but could not sustain momentum on each break.
So buyers and sellers continue to battle it out with a key cluster of support trying to hold.