100 and 200 bar MA converge
The EURUSD is hanging near the lows for the trading day. The range was extended after the US 8:30 AM ET data, but only by a pip or two. For the day, the range is a small 55 pips. The average over the last 22 trading days is 116 pips. There is room to roam. The price is rebounding now toward what has been a remembered area between 1.0961 and 1.0968. if the sellers are to remain in control, the price should remain below this area (risk for sellers).