Below 100 hour MA above. Above the low from FOMC day.
The EURUSD inched lower in trading, but is recovering as the NY trading day gets going. ADP is up next (180K estimate)
Technically, the price fell back below the 100 hour MA (blue line in the chart above at 1.0989) yesterday. That MA along with the 200 hour MA and trend line (both at 1.1004) will be the line in the sand to stay below if the bears are to remain in control. ON the downside, the next key target becomes the low from the post FOMC fall at the 1.0896 level. Below that the 1.0863 and 1.0807 become the new targets. These are the major swing lows from 2015.
