The pair touches a low of 108.69 on the day after rising to 109.20 earlier
Buyers are still finding it difficult to break above short-term levels in the pair, with the 100-hour MA proving to be a tough one to hold above.
The 61.8 retracement level at 109.20 on the hourly chart has also seen rejection twice in the last two days and that's helping to keep sellers in control for the time being.
The dollar is currently mixed against the major currencies on the day after catching an earlier bid on the back of higher yields. Trading ranges have been tight on the day so far, so let's see how things will shape up once European traders come in.
