Tests 100 hour MA.

The London fixing is in a few minutes and the EURUSD has moved back below the 1.0900 level. It is also moving below the 100 hour MA at 1.0892. We currently trade at 1.0883. We are still higher on the day (closed at 1.0871) but much of the gains and positive technicals, have been taken back. A move into the red for the day is the next downside hurdle. The 1.0900 becomes resistance again.