The EURUSD is back below the trendline at the 1.2421 level and puts into question the will and strength of the buyers. A move back above the level will be needed to keep the longs content, but it is looking more and more like the bulls are not strong enough to take back meaniingful control. Next support is the 1.23896 which is the 38.2% of the post employment range. Below that the 1.2367-70. Move below 50% of the days range and it does not bode well for the longs.
