5-days of declines
The EURUSD is trading near the closing level from yesterday at 1.11058. The pair has been down for 5 consecutive days. Admittedly the heavy selling was last Friday and Monday. Since then, it has been a slow grind.
Technically, in addition to the close from yesterday as a bullish bearish barometer (just moving above now). the 100 hour MA held resistance earlier at the 1.1135 level currently. The price has not been above the MA in trading this week.
On the downside today, the price has been able to stay above the all important 200 day MA at the 1.10535 level today. The low today got as low as 1.1066. Traders are respecting the level.
