Moves to test the 200 hour MA
The EURUSD is on a run. The pair moved was able to crack below the 100 hour MA and the lower trend line at the 1.1814 level. That has now led to more selling. We are quickly approaching the 200 hour MA target at 1.17645. That MA should give traders cause for pause on the first look. The price has not traded below the 200 hour MA since July 13/14
Look for risk now around the 1.1800 level. Closer risk at the 1.1784 level.
The dollar is making a run to the upside in the other currency pairs as well. USDJPY and GBPUSD breaking (well all currency pairs are running).