Taking the steps lower....
The buyers could not take control by taking the price back above the 1.0729/30 area (from prior post). That was the minimal. As a result, the price has rotated to and through the 1.0714 and then 1.0700 level. The next target being the 1.0686 level (61.8% of the move up from March 13 low). The range for the day is now 103 pips (testing 1.0686 now).
The EURUSD has slow played the bearish run today, but the sellers are lulling the dip buyers. The sellers remain in control. The buying off dips are not that great.
