1.1174 and 61.8% at 1.1168 are next targets

The EURUSD has broken below the 200 and 100 hour moving averages at the 1.1193 area and also below the 50% retracement and low for the day at 1.11868 (see earlier post).

1.1174 and 61.8% at 1.1168 are next targets

The next targets come in at the 1.1174 and 1.11685 levels (swing level and 61.8% retracement). The range is being extended and the sellers are taking more control in the process.