The price holds the 38.2% retracement on the correction today
The EURUSD gapped higher and is keeping most of the gains.
In the Asian session the price shot up to the 1.0903 area at the opening but has since consolidated/corrected lower (). Looking at the daily chart, the correction lower moved below the 200 day MA and the 38.2% of the move down from the May high. That level comes in at 1.0827. The low reached 1.0820 before moving back higher (see chart above).