Forex technical analysis: EURUSD tests 100 hour MA

Technical Analysis

Author: Greg Michalowski | eurusd

Fall below 200 hour MA, steps down to the 100 hour MA.

The EURUSD stalled at the 200 hour MA/the 38.2% retracement earlier in the day. The momentum turned and the price fell below those levels.  The next target comes in at the 100 hour MA, and that is being tested now.  Traders are pushing.  Do the sellers take some profit? Do new buyers stick a toe in the water?  This is a low risk defining level.