Forex technical analysis: EURUSD falls below the 200 hour MA

Also below the 38.2% retracement

The EURUSD is trading at new session lows - reacting to the more favorable Clinton feelings. Remember "the feelings" are like a wave. They can be based on a thought vs. reality. It is still early.

Nevertheless technically, there is some bearish developments in the EURUSD. The price has moved below the 200 hour MA at 1.1027, and the 38.2% retracement at the 1.10294 level. That can be a close risk level for traders. Other close by risk might be at the 1.1049 area. Yesterday and earlier today, the price used that level as support and then resistance.

The next target on the hourly chart comes in at 1.0995. Below that the 100 bar MA on the 4-hour chart comes into focus at the 1.09799 level.

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