Tests 200 hour MA/50% of the years range.
The EURUSD has reversed course. Is it the stock rebound? Is the failure above the 1.0900 level.
All I know is the pair has moved quickly lower and tests the 200 hour MA and the 50% midpoint of the years trading range at 1.10839/43 area. Will the buyers come in here? Well if they do, the 100 hour MA above will be resistance.
Like catching a falling knife but technical levels traders may lean against with limited risk.
