Cluster of support still in play below. 100 day MA above
ECBs Draghi swerved the commentary with pockets of positive and then followed with pockets of caution and apprehension.
The price moved up to the 100 day MA - got within a pip - but has now rotated lower.
The pairs is now down testing a key support area defined by 1.2153-72. The price is trading right at the 1.2153. A move below should be more bearish. The 1.2092 swing high from early January and the 50% at 1.20538 are the next targets on the daily chart.
The price did move below that level earlier but failed.
