Bias shifts
Technically, the EURUSD moved below the 100 hour MA (blue line) and trend line at 1.16855 and then the 200 hour MA at 1.1677.
Those breaks tilt the bias to more bearish for the pair at least in the intraday trading.
At the high today, the price moved above the topside trend line at 1.1706, but stalled ahead of the highs from yesterday.
The sellers on the break of the 100 hour MA and trend line is more bearish. Sellers have pushed also through the 200 hour MA. Can the price stay below each now, and keep the sellers more in control. The 1.16617 (50%) and the low for the week at 1.16539 are the next targets.
EUs Juncker meets Trump later today to talk trade. ECB tomorrow. So lots of risk events for the EURUSD on the horizon.
