Helps to weaken the EUR
The EURUSD is lower and so is the EURCHF.
That pair stalled at the 200 hour MA earlier in the day. That stall, gave sellers the go-ahead to sell. The price fell below the 100 hour MA (blue line) and more recently, the 50% at 1.15959 and a lower trend line at 1.1588.
That combination has increased the bearish bias on each successive break
What now?
Stay below the trend line and the 50% (and lows from Tuesday and Wednesday) and the seller are still in control.
On the downside continue the probe with the 61.8% at 1.1568, the next target.
