EURUSD chops up and down as the market digests the ECB decision and Lagarde presser

EURUSD trades above and below its 100 hour moving average Looking at the hourly chart above, the headlines from the decision sent the price initially higher and briefly above its 200 hour moving average 1.18073.  However, that run to the upside was quickly reversed with the price extending to a new session low down near 1.17708. That level was the swing lows

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