Forex technical analysis: REMEMBER EURUSD moving closer to 61.8% at 1.0845

Level should be a nice resting place....

The EURUSD is trading at new day session lows and is getting closer to the target at the 1.0845 level (SEE prior post). That level represents the 61.8% of the move up from the March 2015 low.Earlier the price fell below the 61.8% of the move up from the April low (at the 1.0881). It might be a stretch to reach the level, but the buyers aren't showing they can sustain a rally. So perhaps there will be just a little bit more selling.