Moves below swing area
Earlier I warned about a break of the 100 and 200 hour MAs. Those MAs were cracked. The price traded down to a swing area at 1.1594-99 and has waffled between the MAs above and the swing area below.
![](http://az705044.vo.msecnd.net/20180702/2018-07-02_8-22-04.jpg)
The price has just moved to a new session low and in the process moved below the 1.1594-99 area. The low reached 1.15906.
Sellers remain more in control in the pair. The 100 and 200 hour MA is a risk level for shorts now at 1.1619-24. Stay below is more bearish.
There may be some buyers if this break fails.