The EURUSD is testing intraday resistance at the 1.21899-1.21972 area. This is the 38.2%-50% of the last leg down in the pair. It is also in the vicinity of the underside of the broken trend line at 1.2189. If the price can stay below this area, the sellers are showing they are still in control. If the price moves above, some of that control is slipping away. The buyers and sellers would be more balanced. Key time for the trend type move today.
