Below trend line support and the 200 bar MA on the 4-hour chart
The EURUSD his trading to new session lows and in the process has moved below the 200 bar MA on the 4-hour chart at 1.0660 and the trend line that has a number of tests along the line.
Earlier this week there was a break below the trend line but by the time the bar closed the price was back above and reestablishing the line as support. We are below the line. A close below would give sellers more comfort from a technical perspective.
It is a step in the bearish direction. The low for the week is down at 1.0639. The 100 day MA is down at 1.0624. The range today 43 pips. The 22 day average range is 70 pips. So there is room to roam.