Tests 50% and 200 hour MA
The floor (old ceiling) of the EURUSD has given way at the 1.1254 level and the pair has scooted lower (see earlier post here).
That run has just reached the 50% and the 200 hour MA at the 1.1234 level (trying to break now). The range is up 55 pips which is the 22 day average. The next target is the 61.8% at 1.12223. Below that the 1.1209 area will be targeted.
The 100 hour MA (blue line) at 1.12445 area is now risk for shorts. A wider risk level is the old floor/ceiling at 1.12543. The buying above that level is now a failure. We are back in the range from last week.
