Price remains below topside trend line. Double top. Double bottom.
The EURUSD moved to the prior low for the day at 1.15589 and bounced. We currently trade at 1.1579 on the bounce.
Earlier in the day, the price stalled at the topside trend line. That trend line comes in a little lower at 1.1601 currently. The highs for the day remain target as well.
The "market" is liking the highs and lows for the day. Looking at the 5-minute chart below, there are double highs and double lows. In between is the 100 and 200 bar MAs. We are testing that swing level now.
Ups and downs for the pair as traders ping-pong the pairs price.