EUR/USD falls to 1.2105 and nears a test of its 100-hour moving average
The greenback is higher across the board in European morning trade and is starting to run against some key levels on the charts today.
Of note, EUR/USD is now down to near 1.2100 as price closes in on a test of the 100-hour moving average (red line) @ 1.2103.
Keep above that and the near-term bias stays more bullish but break below and the near-term bias becomes more neutral instead. Further key support is then seen closer to the 200-hour moving average (blue line) @ 1.2060.
If sellers can manage that, it essentially resets the upside momentum seen this week.
This article was originally published by Forexlive.com. Read the original article here.