EUR/USD: Sellers look to seize back near-term control - ConsultFX

EUR/USD: Sellers look to seize back near-term control

EUR/USD falls below the 100-hour moving average And touches a low of 1.1624 on the day. The breach of the 100-hour MA (red line) also coincides with a breach of the 38.2 retracement level @ 1.1640 as sellers look to make a run towards a test of the 200-hour MA (blue line) @ 1.1619.