Forex technical analysis: EURUSD falls back below MA support

Technical Analysis

Author: Greg Michalowski | eurusd

Falls back below 100 day MA and 200 hour MA

The EURUSD has moved below the 100 day MA and the 200 hour MAs at 1.1802 and 1.1795 respectively. 

The price decline has now taken the price toward the 100 hour MA at 1.17769.  The low just printed 1.1778.  A move below opens the downside for the pair. 

The range for the day is 86 pips. That is now above the 22 day average of 73 pips.  Risk for shorts is back at the 1.1795-1.1802 now. 
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