EURUSD moves back toward 200 hour MA at 1.0961 and breaks below

The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term bounced off the 200 hour MA earlier (after breaking above earlier). The move higher stalled at 1.10196, but has since moved back down and is retesting the 200 hour MA again at 1.0961.

The comments from Putin are contributing to the move to the downside.

As I type, the price is making a break back below the MA level. The 1.0933 to 1.0943 is the next target. Will below that area and traders will start to look toward the lows from Friday and Monday at 1.0899 (call it 1.0900).