Pierces trend line level
The EURUSD has moved to new session lows after the US initial claims perhaps did not show a large enough decline after last weeks move higher. The pair has pierced trend line support at 1.0729 BUT is running into the 100 bar MA on the 4-hour chart at the 1.07246 level. The area with the two technical levels are attracting some buying. A battle is going on.