Other support targets
The EURUSD is trading to a new session low and in the process is testing its 100 hour moving average at 1.12933. Also near that level is the 50% retracement of the move up from the base reached on March 4. That base stalled at the 200 day moving average on that day at the 1.1096 area. The next 3 days saw the price rally up to 1.14918 before rolling over to the downside today.
Also near the level is a old trend line. That trend line was broken briefly on March 5, but reversed higher (see red numbered circles).
A break below the cluster of support should solicit more selling momentum with 1.12464 (61.8% retracement), and the rising 200 hour moving average at the 1.11874 (and moving higher) as other downside target levels.
