Stays above the 1.0706 level.
The EURUSD seeing a bounce in early NY trading. The price action today has been more to the downside. The low today stalled at the 1.0723. That was well above the 1.0706 level which is the 38.2% retracement of the move down from the November election day high.  The low was also above the high from last week’s trading (that came in at 1.0718).  So traders on the correction, kept the bullish bias technically.  Good news for the bulls.