The EURUSD has had little reaction to the comment of a Ukraine ceasefire retraction (see https://www.forexlive.com/blog/2014/09/03/ukraine-retracts-ceasefire/), and we are in fact hearing now that there are conflicting reports. So be careful.
From a technical perspective, the pair remains contained by resistance above against the lows from last Thursday and Friday at 1.31584 area and the 100 hour MA (and other trend lines). The 100 hour MA is at the 1.3144 area. This is still a level of importance to me. The price dipped below during the last hour but did not close below the level. Watch the level for clues, but don’t expect too much from today’s trading. The fireworks will likely come tomorrow during Draghi’s press conference.
EURUSD defining support and resistance on the intraday charts
