EUR/USD halts the slide
EUR/USD perked up as high as 1.0972 in the past hour before sliding back to 1.0953.
The pair has been in retracement mode after touching the 200-day moving average in a squeeze higher yesterday.
There are some near-term positive signs with the latest dip holding above the previous low in what could be a sign of higher lows. For the third day the market won't have any top-tier economic data to trade.
Instead, the stock market, oil and emerging market flows will be on centre stage. S&P 500 futures are up 5 points after a 16 point loss yesterday.
I think the short-term technicals are the trade with 1.0932 as critical intraday support for the rest of US trading.
