EURUSD heads toward the test of the 100 day MA at 1.2202

EURUSD heads toward the test of the 100 day MA at 1.2202

The month low has been extended

As per the earlier post, the EURUSD has been able to extend lower and has now extended the narrow trading range for the month (from 200 pips to 204 pips – its a start). That is still very low but there is some key support below that still needs to be busted. 

ON the downside the pair has the 100 day MA a 1.7202.  The swing low from February 9th comes in at 1.22047. 

Get below those levels and the door opens for yet more selling momentum. 

The lows from March 1 at 1.2153 and the low from January 18 at 1.2164 make the 1.2153-61 another key target on the downside.  

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