Still above the days lows at a.10684.
The EURUSD is trading at new NA session lows and below the 1.07000-06 area which was a tough level to get and stay below in last weeks trading. Earlier in the NA session the low stalled at 1.0700 and bounded to the 100 and 200 bar MA on the 5 minute chart below. The level held and that led to the break lower.
The pair is testing the lower trend line at 1.0690 level and there seems to be some profit taking against the line (traders short from above can get a free trade). If the sellers are to remain in control, staying below the 1.0700-06 will be eyed. Stay below and we could/should see another run a the Asian- Pacific lows.
