EUR/USD touches a low of 1.1688 on the day
The pair fails to break above the 61.8 retracement level @ 1.1720 in trading today, and has subsequently moved lower in the last hour. However, despite that the pair still sits in a 32 pips range so far but we are seeing more of an extension right now.
Although, a positive signal for buyers is that we're seeing a crossover of the 100-hour MA (red line) above the 200-hour MA (blue line) so that will at least fuel incentive for buyers in a bid to send the pair higher in the coming sessions.
Right now, downside support is seen at the 50.0 retracement level @ 1.1680 with bids near current levels as well.
