As the headlines come and go, the EURUSD technicals remain the same.
The 100-hour MA continues to hold support. That MA comes in at 1.0931. Also in play is a swing area between 1.0936 and 1.0954.
A move below – and staying below the 100-hour MA – is needed to increase the bearish bias. Stay above, and the buyers are still in play.
This article was written by Greg Michalowski at www.forexlive.com.