The euro is on a slippery slope as it targets 1.1300
The big figure is the low so far but the bounces are very weak. The talk among the desks is what I have been expecting, and that positions are being reduced into the weekend on Greek worries
There's stops now lurking on a break of 1.1300 and 1.1290 is a support level that might be worth watching
EURUSD H4 chart
We've some tech around this level and the 100 H1 is at 1.1297 and below 1.1290 we have the 55 H4 ma and 200 H1 ma both at 1.1282
The current move isn't breaking any speed records so traders aren't in a rush to sell. They're selling, waiting for a bounce, then selling again. If we do dip below we'll see how the tech holds up
