100 day MA and trend line tested
The EURUSD has indeed tumbled to the down side and is testing the next key target at the 100 day MA and trend line support. A break below will look toward the 1.1124-38 area where the underside of broken trend line and 200 day MA is found.
So far, the 100 day MA and trend line is holding the lines. Draghi comments and stronger US claims data keep the pressure on though. The 2nd trend leg lower now has the 1.1210-21 as the 38.2% -50% retracement. If the sellers are to remain in control, traders should lean against this area on a retracement.
