Trend line holds on a test.
The EURUSD fell to support trend line (see earlier report outlining the technical level) and is bouncing. The trend line on the current bar came in at 1.11767. The low reached 1.1179. The price is back up above 1.1200.
The market bounce seems to highlight the skittishness of the market. It did fall relatively quickly from 1.1236 to 1.1179 but the momentum break lower was quickly reversed to 1.1210. The rebound shows that the market is simply playing the range.
