Battle is on again
The 1.0706 area held support at the lows (see prior post from earlier). The trading since then has seen ups and downs, but there have been sellers which seem to be leaning against the 200 hour MA (green line in the chart below). Staying below helps to define the topside for the trading range. The 1.0699-1.0706 remains as key support below.
So the battle is on. The last winner was the sellers against the 200 hour MA. How low can we go now?