Down yesterday, up today
The EURUSD has worked its way back toward the 50% midpoint of the recent trading range (from the August 20 low). The midpoint comes in at 1.17859. A move above that level would have traders looking once again toward the 100 hour moving average at 1.17975. There is a swing area up to 1.18004 as well and the 200 hour moving average at 1.1813.
![Down yesterday, up today](https://az705044.vo.msecnd.net/20210917/11111111111.jpg)
On the downside traders will buy the 1.1770 level that was near the low price from Monday’s trade and was a corrective high price into the close yesterday. Move below that level and the 61.8% retracement 1.1757 will be all right. That level held support at the Asian session low today. Move below and should be further downside momentum.