Moving lower after a move higher.
The EURUSD/dollar has whipped around after Yellen's headlines from her forthcoming testimony.
The first move was higher in the greenback, but it is now weakening (EURUSD lower and then higher).
For the EURUSD, the pair moved below the 1.1435 level for a nano second. The 1.1435-65 is a strong support for me. The price has now rebounded and trades at 1.1474 - above the key area. The 1.1435-65 area will remain as a support level today and going forward. The dip to 1.1426 area stayed above the 100 hour MA at 1.1415 and the 38.2% of the move up from the July 5th low at 1.14213. On the topside the 1.14889 is the high from earlier in the day. A move above that level will be eyed as the next target.
