EURUSD falls below 100 hour MA at 1.3247. Look for downside momentum
The EURUSD has moved below the 100 hour MA at the 1.3247 level after spending the London morning session above this MA level. The market will now be looking for addtional downside momentum and for that MA to hold topside resistance. The next minor target to get through is the 1.3231 level (lows from last weeks trade). Below that level is the 38.2% of the weeks move higher at the 1.32084. Below that the 200 hour MA at the 1.3187 level is the next target (green line in the chart above).









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