EURUSD cracks lower. Buyers give up

Technical Analysis

Author: Greg Michalowski | eurusd

Buyers turned to seller below the 1.15145 midpoint level

The EURUSD fell below the 1.15145 midpoint level. The buyers turned to sellers. The 1.1500 level and now the 1.14847 swing area has now been broken. The pair is testing the 100 day MA at 1.14762.

The buyers tried. The buyers failed.  The pair is now back in the Red Box that defined the trading range going back to October 22.  Failure. 

Resistance now at 1.1500

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