EUR/USD upside momentum begins to wane as buyers lose near-term control

EUR/USD continues to back away after a failed attempt to move above 1.1000 See here for global coronavirus case data The move higher this week managed to get above the 100-day MA (red line) but buyers could not do more to to break above 1.1000 or to test the 200-day MA (blue line) @ 1.1014.