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EUR/USD flirts with 21 day moving average

Further to the previous update, noting the gains in the dollar weighing on the equity space, it is worth mentioning the drop back in the EUR/USD that has just played out. Earlier the Euro rebounded to a high at 1.0965. It has just now fallen back to test its noted 21 day moving average (now at 1.0938). The low seen a moment ago was set at 1.0936. It is just above there now but this price point is a little sticky for the time being, as one might expect. A more clear break below 1.0938 from here might just add some further downside momentum, especially if stops and system based seller decide to jump in. The EUR/USD is currently trading at 1.0939 
 

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