Falls away from the 100 hour MA
The EURUSD stalled ahead of the 100 hour MA twice (see earlier post: "EURUSD toys with its 100 hour MA"). Buyers turned to sellers. The price is now lower on the day - falling below the close from Friday at 1.1216. A lower close today will be the 7th in the last 8 days if it holds up. The price is testing a lower trend line connecting the successive lower levels at 1.1204 level (low for the day).
A break below has not much support until the low from March 7, 2019 at 1.11744 (lowest level since June 27. 2017). The March 8th, 2019 low was at 1.11846. Those are the next targets on more selling momentum.
