EURUSD falls below KEY support targets

  • 100 day MA and 50% of recent move higher is broken at 1.0905. KEY resistance now.

The EURUSD is breaking to the downside and in the process is falling below its key 100 day moving average currently at 1.0805. The 50% midpoint of the move up from the March 15 low is also at that level increasing its importance. As always a price remains below the 1.0805 level the sellers remain in control and the doors open for further downside momentum.

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