Technical Analysis

EURUSD cracks below the 200 hour MA. Buyers turn to sellers.

Traders push the price below the 200 hour MA and trigger stops.

The break has triggered stops which touch the price to a new session low at 1.12329.   The flip below the support, also flips the bias more to the downside now (below the 200 hour MA). The price is also below the midpoint of the up and down week’s trading range at 1.12428 now. 

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