No one taking and keeping control
The EURUSD held the resistance against the 100 and 200 bar MA on the 5 minute chart and took yet another look below the 100 day MA at the 1.1030 level. The low for the day at the 1.10232 was taken out - by a whole 1/2 a pip and the price has bounced back to the 1.1040 area.
The price is waffling back and forth at the moment. Both the buyers and the sellers seem to be trading as if they are walking on eggs. We have seen 5 separate looks below 100 day moving average at 1.1030 in trading today. Each failed. The sellers are now stepping aside and the price has just pushed up tot he 1.1045 level. So choppy action remains. Could head back up toward the 100 and 200 bar MA.
