Fall below the 100 and 200 hour MA/50% retracement turned buyer into sellers
The EURUSDs move below the key level defined by the 100 and 200 hour MA and the 50% at the 1.1960 level. The break turned the bias from more bullish to more bearish. The buyers turned to sellers.
The pair is now fast approaching the next target at the 1.1876 level. That was the swing low from 2010. A break below that and the 1.1864 will open up the downside even more for this pair.
Risk for shorts is now at the 1.1910-158 area. See post before the decision outlining the levels in play.
Yellen up next.
