EURUSD tumbles to 100 hour MA

Technical Analysis

Author: Greg Michalowski | eurusd

100 hour MA is the first key MA target

The EURUSD has tumbled lower and moves toward the 100 hour MA at 1.16274. Just below that is the 50% at 1.16235.  The 200 hour MA is at 1.16122.

With the decline, the EURJPY is also getting smacked after testing the key 200 day MA and the 50% retracement (see post here - EURJPY moves lower after 200 day MA/50% test stalls the rally). 

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