The price stayed below the 200 hour MA on the correction today
The EURUSD is down testing the 61.8% of the move up from the December low. That level comes in at 1.1383 and the price just reached that level (low for the day).
The pair is following the GBPUSDs move lower, although at a slower pace. The EURGBP is moving and trading at the highs for the day.
The EURUSD is not without Brexit vote risk.
Techncally today, the move lower was triggered today on the fall below the 200 hour MA. The corrective move higher this morning, took the price back to the old support level, that is now resistance. However, sellers showed up about 5 or so pips from the MA level, and the sellers took back control.
A move back above the 200 and 100 hour MAs through the vote would be more bullish for the pair. The 1.1500 level is another target to get to and through for the buyers to take even more control.
On the downside, the 1.1336-50 is a swing low level (see lower yellow area) that if broken, would increase the bearish bias.
