Its the end of the week so traders will be eyeing the close

The EURUSD is lower once again and trading near the day's lows ahead of the CPI. The low for the day reached to 1.1431 in the early European session. The low just reached 1.1439.

A couple things to consider technically on this Friday:

  • The 100 week moving average comes in at 1.14605 and the
  • 50% of the move up from the Jan 2017 low comes in at 1.1447

The price did go below both today, but has bounced and currently trades at 1.1460 - right near the 100 week MA.

The price has not closed below the 100 week MA since May 7, 2017 week. A close below would be more bearish technically.