100 and 200 hour MA respected on dip
The EURUSD extended to new day lows after the better than expected ADP headlines (prior month was revised lower though). The Personal income and spending data at 8:30 AM ET was a bit light though. The low after ADP did find early support buying near the 100 and 200 hour MAs which are both converged a the 1.0604 area. The low reached 1.0609.