The EURUSD is moving to a new session low in early US trading. The pair is being helped by weaker ISM services data today (and perhaps better jobs on Friday in the US - although it was mixed). Technicals are bearish below a swing area between 1.0690 and 1.0704. Stay below is more bearish today (risk for sellers).
The price is also below the 100 and 200 hour MAs, tilting the bias to the downside.
On the downside, the next target comes in at 1.0660 and then the low from last week at 1.0635.
EURUSD trades to new lows. Bears in control.
