The EURUSD is moving to a new session and week low and in the process has broken back below a cluster of moving averages including the:
- 200-day moving average 1.08256
- 200- bar moving average on the 4-hour chart at 1.0820
- 100-day moving average 1.08134.
The prices also moving below a swing area down to 1.08038.
The next target comes against the 100 bar moving average on the 4-hour chart. That level comes at 1.07908. Move below that level and traders would look toward the low from last week at 1.07605. After that target, and a key swing level down at 1.0723 would be eyed by sellers.
EURUSD moves lower and shifts bias lower in the process
This article was originally published by Forexlive.com. Read the original article here.