EURUSD trades to new session lows

Technical Analysis

Author: Greg Michalowski | eurusd

Moving away from the 50% midpoint

The EURUSD has moved to a new session low and in the process is moving away from the 50% retracement.  The prior lows had dipped a few pips below the midpoint level. This move is just a little more.

Moving away from the 50% midpoint
The 61.8% retracement comes in at 1.1111. That is also near some swing levels going back to July 26.  

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