New session lows...
The EURUSD is inching closer to the 100 day MA at the 1.1164 level.
The 200 day MA is at 1.11797 today. The price has traded above and below that MA line over the last 5 or so hours. With the price moving to new session lows, the sellers are trying to keep some pressure on the pair.
The range remains painfully low at only 46 pips for the day (the 22 day average is 65). A break will look toward the recent lows at 1.1153 and then Tuesday's low at 1.11373.
The 1.1137 level also corresponds with the 50% of the move up from the June low (see chart above). That was also near swing low levels from September 5th and September 6th.
