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.

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.