EURUSD trades at NY session lows

Technical Analysis

Author: Greg Michalowski | eurusd

Falls below 50% floor

The EURUSD is making a NY session low - falling below the 50% floor that stalled the fall earlier in the day.  At the top today, we have two peaks against the 61.8% retracement at 1.0777.  

The 50% stalled the rally yesterday. Lots of activity around the Fibonacci levels.  Now being back below the 50% may have traders back on the bearish offensive.