EURUSD dips toward the 100 and 200 hour MAs but stalls ahead. USDJPY follows stocks for now.
For the EURUSD, the price has dipped below the trend line but remains above the 200 and 100 hour MAs and the 50% retracement in the 1.1351-60 area. After the initial fall and bounce, the price has been able to stay below the 1.1401 level. The 1.1401 was the swing high from yesterday's trading. It was also near the high from December 11.
For the USDJPY it is running higher and lower with the stocks. The price moved toward the day highs as stocks moved higher, but now they are negative again and the price is back down and below the 100 day MA.
