So the EUR/USD has hung around the 50 day and 20 day SMA convergence for the most part but dropped below the 20 day SMA for a while today all the way down to the next support level it found at the 50/20 15-min. period SMA convergence thanks to day trading.
Despite all the media could do to raise the ratio, it still fell back at the end of the US trading day and is now convergent with the 50 and 20 period quarter-hour SMA's. What a... ah... a surprise(!) Same old same old.
But, some key technical support has been devastated to the downside.
