Euro declines for fourth consecutive day
The low so far in EUR/USD is 1.1018 but it's found support there in a pair of attempts lower. That said, the bounces have been uninspiring with the pair failing to trade above 1.1035 since Europe closed.
The technical story today was the break of support at 1.1050 and the 100-day moving average just below.
Technical support is seen at the 21-day moving average at 1.1004 and 1.1000 but bids begin at 1.1011.
More bids around 1.0988, which is the 61.8% retracement of the August rally.
Small bids also at 1.0961 and 1.0935.
Last Wednesday, I argued for selling near 1.12 (and again Thurs).
