Watching 1.0898-1.0906 as risk defining area now
The EURUSD is trying to keep a new lid on the price in trading today. I am looking at the 1.0921-287 area as that lid. Yes, the price did have a quick wander above that level in trading today, but sellers came in near the 100 hour MA and the underside of the broken trend line. The next high (after breaking back lower), reestablished the defined area as a ceiling. Sellers seem to be getting more comfortable below that ceiling area.
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