EURUSD breaks through the 100 hour MA support and scoots lower

The EURUSD’s 100 hour MA was breached at the 1.3729 price and the price has scooted to a low of 1.3711. The price should now find resistance against the 1.3729 level and should stay below the 1.3737 level (close from yesterday). If the hourly bar closes below the 1.3729 price, the downside should look to target the 200 hour MA at the 1.3679 level currently with interim support at the 1.3700 level (see chart above). Watch 1.3729 to hold corrective resistance.




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