Dollar strength continues to take over as the euro falls further on the day

EUR/USD touches session low of 1.1992 as the dollar stretches its gains on the day. Looking at the hourly chart, there's support level nearby at the 1.1989 level - the 200-hour MA.

Breaking below the 1.2000 is key here, as it opens the door for a larger move to the downside should the 200-hour MA fail to hold.