EURUSD stopped triggered below the 100 hour moving average/38.2% retracement at 1.18067
The EURUSD has moved to a new session low after stopped or triggered below its 100 hour moving average and 38.2% retracement (on the hourly chart) at 1.18067.
The price low reached 1.17909. The next target on the downside comes at the 50% retracement of the move up from the October 15 low at 1.17840.
Close risk for shorts now comes in at the broken 100 hour moving average/38.2 retracement at 1.18067. Stay below keeps the bears firmly in control. Other risk comes in at 1.1814 to 1.1816. Stay below that level would also keep sellers more controls.
