The EURUSD has moved below the cluster of support at 1.2326 (100 hour MA) up to the 200 hour MA (at 1.2333). Bearish for the pair.
The buyers from yesterday simply have not shown up today. The pair is back near the midpoint of the weeks rather pathetic range of 129 pips. Look for sellers now on rallies as the ebbs and flows continue (against 1.2333). The range for the day is up to 75 pips but is still light. The next target being the 1.2303 level. This is the 61.8 of the move higher and near the Asian high from yesterday’s trading.