MA and day midpoint
The EURUSD has moved back lower and trades near the area that confined the range before the Yellen headlines. It is also where a lot of MA are found including the 100 and 200 hour MA and the 100 and 200 bar MA on the 5-minute. The midpoint of the up and down is also at 1.1290.
This is the neutral zone for the day (maybe even down to 1.1282). That can lead to choppy trading around the area, or a break back to an extreme.
What did happen (looking the minute chart) was at the extreme, the 1.1330 level did attract some sellers after toying above that area (see prior post).
Market breaking below 1.1282 now....
