200 and 100 hour MA resistance/risk above
The EURUSD fell below the 100 and 200 hour MA, had a cursory correction back toward the 100 hour MA and then fell to the new session lows.
That low stalled near the lows from yesterday at 1.13183. The 1.1318-24 is home to a number of swing levels Yes....the price did move below the level on Friday and Tuesday and Wednesday as well but yesterday, the lows re-established the level as support (red circle 5 and 6).
What now>
The 200 hour MA comes in at 1.1352. The 100 hour MA comes in at 1.1362. With the ups and downs seen in the near term, stay below those levels will keep the sellers more in control.
