EURUSD dips below the 100 hour MA at 1.0794 ...0

Falling below that level tips the technical bias more to the downside. The next target area comes between 1.07609 and 1.07767. Below that and traders will start to look toward the 200 day moving average and 38.2% retracement near 1.0726 and 1.0730.

Sellers are making a play below 1.0800 and the 100 hour MA. Can they keep the momentum going on the break?

This article was written by Greg Michalowski at www.forexlive.com.

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