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EURUSD ping pongs between the retracement levels

50% retracement at 1.14609 and the 61.8% at 1.14986

The EURUSD is ping ponging between a couple of retracement levels.

The 61.8% comes in at 1.14986.
The 50% comes in at 1.14609.

The price is currently moving back toward the lower level at the moment.  A move below still has the Friday high at 1.1455. Break below that level and there could be more downside toward the key 1.14315 level. 

PS. the high today also stalled ahead of the 1.1500 level. There is some chatter of a large option expire on Friday. That increases the levels importance.  Today, sellers leaned. Note, however, that the level can also act as an upside springboard if the price does break above and option exposure forces traders to hedge exposure.    The level is important.
ForexLive

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