EURUSD slipping toward corrective targets

Technical Analysis

Author: Greg Michalowski | eurusd

Stocks near unchanged. 

The EURUSD moved back below the 200 day MA at the 1.10315 level and the price has been slipping lower. The 1st target has been reached at the 38.2%. The 100 bar MA, a trend line and 50% loom below at 1.0996 to 1.10086 area.  Not sure what might be left in the tank for the downside as the action is slowed down.  

 

Keeping an eye on the stocks which are near unchanged for the S&P, Nasdaq and Dow. Oil prices are at $36.30 +2.05%. - steady.  

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