Be aware.
The EURUSD is testing its 100 hour moving average 1.0455. The levels is a risk/bias defining level. Trade below with momentum tilt the bias further in the favor of the sellers.
Conversely, holding support would have traders looking toward 1.04709 and a comfort bounce level to get to and through. Get above that level and there should be more bounce probing.
This article was originally published by Forexlive.com. Read the original article here.