EURUSD trades to new session lows

Dips below the next target levels

The EURUSD has moved to new session lows as London/European traders look toward the exits.

In the move, the price has moved below a swing area at 1.1459-63 (see chart above). Stay below and the double bottom at 1.1432 will be eyed.

The EURUSD range today is up to 95 pips (it was only 57 pips at the start of the NY session). The 22 day average is 80 pips. So we have done more than normal. That may help to slow a fall. Be aware of a potential fail on the last dip below the swing area.