EUR/USD trades at the highs today, up 0.3% to 1.2055 currently
The drop on Friday last week saw price fall below the 23.6 retracement level of the recent upswing and also the 100-day moving average (red line). That saw sellers took some control with a breach below key near-term support levels as well.
The 100-day moving average is seen @ 1.2051 today and will be a key point of contention to watch but further resistance is still seen from the key hourly moving averages, which are seen @ 1.2070-85. Keep below that and sellers stay in near-term control.
The dollar is keeping relatively mixed across the board on the session so far with the greenback trailing against all other major currencies except the yen and loonie.