EUR/USD continues to ping-pong between the 100 and 200-hour moving averages
The ECB minutes yesterday did not provide us with anything new (not like that is a surprise), and the market continues to make up its mind to find near-term direction for the pair.
There isn't much on the agenda today that will be a key catalyst to move the pair so mainly watch out for sentiment to come from geopolitical risks for the dollar side of the equation - i.e. China-US trade rhetoric and Syria missile strikes.
As such, the 100 and 200-hour MAs will be the levels to watch out for today for any bullish or bearish near-term break.
Apart from that, there's also a host of option expiries on the day that will keep the pair contained near current levels so expect more or less range-bound trading for the most part today.
In the bigger picture, the pair continues to hold up above the long-term trendline support after a brief break below it at the start of the month. That continues to be the key support level to watch out for and of course the support level for the month's lows at 1.2212.
