Eur/Usd trades the up and down range

The EURUSD stayed mostly below the 100/200 hour MAs yesterday and closed below those converged technical levels near 1.1297 (at the close at least).

The EURUSD is back above the 100/200 hour MA

The price wandered lower in the Asian session today with the swing low from Friday's trade at 1.12644, and the swing low from last Wednesday's trade at 1.12659 helped to stall the fall. The low price today reached 1.12655 (see green numbered circle 9). Yesterday the low price dipped below each of those to 1.12595, but momentum slowed and the price rotated back to the upside.