EUR/USD falls to its lows for the day, testing the 100-hour moving average
The euro is seeing a further fall on the day, dropping to 1.0836 currently and is testing its 100-hour MA (red line) as euro area finance ministers fail to agree on a coordinated response to deal with the fallout from the virus outbreak.
A break below the 100-hour MA @ 1.0841 will see sellers resume near-term control of the pair and look towards a challenge to firmly break below 1.0800 once again with key support resting near 1.0769-73 from last week's lows.
At the same time, risk is also taking a knock on the news with S&P 500 futures having erased all of its earlier advance to fall near flat levels on the day now:
