Makes new day lows. New lows going back to April 14
The Yellen comments have sent the EURUSD to new day lows and to the lowest trading level since April 14. The low from April 13 at 1.0520 and the low for the year at 1.04615 remain the next targets on the daily chart.
Looking at the hourly chart, the price stalled at a trend line connecting lows from last week and this week. That trend line comes in at 1.05518. The low reached 1.0550.
The holding of the support has led to a bounce higher - reversing the last few hours of trading (nearly). The midpoint of the NY session comes in at 1.0582. The 100 bar MA on the 5 minute chart is at 1.0586. At the lows, the price also bounced off a lower trend line intraday.
