Forex Trading: EURUSD Falls Through 61.8% At 1.3551 But Bounces. Key Levels To Watch Now

The market fell through the 61.8% retracement of  the weeks high to low range at 1.3551 and fell to 1.3530.  The 1.3531 level was the original low reached on Feb 12th which then rebounded.  The market as since dipped below this level on a number of days, but the 1.3531-39 level has remained a key intraday level.  Watch these two levels on the downside today . Above watch  the 200 hour MA at the 1.3581 to hold resistance.  A break above will target the 100 hour MA at the 1.3603 level.

The choppy trading continues.   Oil is up 0.82 S& P is up 7.50 pre opening.