The 1.1213/15 level eyed
The EURUSD trading at the lows for the day and looks toward the 1.2113/15 level. Recalling from yesterday, that level corresponds with the highs from July 10 (at 1.1215) and August 12 (at 1.1213).
The market price fell below this area to 1.1202 but peaks below the level. Next key test. Feds Fischer and London fixing.
The pair is below the close from yesterday now (at the 1.1244 level) and moves further away from the 100 and 200 bar MAs on the 5 minute chart (see chart below). Those moving averages are starting to tilt lower as well. . The 38.2-50% of the days range is 1.1250-616. .
