200-day average probed

EUR/USD dipped as low as 1.2827, a marginal penetration of the 200-day moving average at 1.2829. You really need a close below the moving average to make a move below it technically meaningful.

Support is arrayed down to 1.2815 on a technical basis and to 1.2800 on defense of numerous 1.28/1.32 double-no-touch option strategies.

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