The euro traded lower earlier following comments from Germany’s eco. minister that Greece must choose reforms or leave the Eurozone. Before the comment the EUR/USD was range trading, but it made a break lower through the short-term 1.37531 support and is now testing 1.36953; the 50.0% line on the daily move from October 4th lows to the high on October 27th. It seems the euro is rebounding slightly.
The pair hasn’t secured a close below 1.36953 since October 11th; a close lower would break support and possibly signal lower trading.