A break will eye the 200 hour MA (stay below)
The EURUSD moved down to test the next key target area at the 100 hour MA and swing area at 1.1254-565. I spoke to the level in the earlier post here.
The low reached 1.1255 (see earlier post). For traders looking for more of a move lower (and staying below), will be looking for a break, with the 200 hour MA and trend line at the 1.1239 as the next target area.
Sellers are battling with the risk focused buyers at the support target. Who will win?
