Break lower failed. Existing home sales put the kabash on the selling
The EURUSD pushed below a lower trend line and sellers jumped on the move. The fall took the price to a low of 1.1335, but existing home sales were weak. The price pushed back higher.
The failed break, could snowball as sellers give up on the bearish move. If so, the key clue will be the 100 hour MA above at 1.13791. Get above and we should see more upside momentum with a topside trend line at 1.1396 and the 200 hour MA at 1.14234 as targets.
