Buyers tried to hold support on the first look.
The EURUSD fell on the initial comments from ECBs Draghi but the bounce near the lower trend line, was limiited. (the price correction stayed below the 1.12695 level - see earlier post outlining the level).
The price has now moved back below that lower trend line and has put more room between it (at 1.1256) and the low (at 1.1242).
It will take a move back above that line now, to scare some shorts into covering.
The pair is approaching the 2019 low at the 1.1233. That may solcit some cause for pause with stops on a break below. PS the 2018 low is at 1.12148.
