EURUSD tests 200 hour MA, old trend line in early NY trade, retracement and 100 hour MA.

The EURUSD is making new lows in the early NY trade and is testing key support against the 200 hour MA at 1.2332, 38.2% of the move up from yesterday’s move (at 1.2333) and what was old trend line support (at 1.2329). The 100 hour MA is also close by as well at 1.2326. Holding above this area keeps the upside a possibility. Moving below puts into question the market buying support from yesterday’s trend move higher (UGH). Key level for traders.