Tests lows from yesterday.
The EURUSD had a bunch of option expires at the 1.1000 level and that may have been a contributor to the bid at the level up to and through the 10 AM time period.
It is now past the witching hour and we are seeing an unraveling below the level. The pair is now making new lows for the week. The price has moved back below the 1.1023-28 level. The sellers are back in the drives seat and looking to move the pair - once again - away from the consolidation area that confined the pair for 16 days going back to June 28th. The low from June 27th at the 1.0970 is the next hurdle to get through (it was yesterday too). The low from the Brexit takes the pair down toward the 1.0910 area.
It is a broken record (sort of) but the 1.10000 level is now risk and staying below 1.1023-28 is another area to stay below if the sellers are to build a bearish wall above to lean against.
