Forex Trading: Dollar continues to strenghten as longer term money enters market

New York has come in and continued the move to the downside in the EURUSD.  The pair moved through the 200 day moving average at the 1.5225 level and gathered more steam to the downside.  Longs seem to be caught and will be helped only by shorts taking profits. 

With a range today from 1.5334 to a low of 1.5073, the corrections can be sharp.  I would think that those who are long would be happy to sell before the weekend against the 38.2% retracement level of todays move.  The range I would expect to see sellers would be from 1.5141 to 1.5155.  The problem is, will the chance present itself.