Technical Analysis

EURUSD cracks the 200 hour MA. Lower on the week now.

Lower on the week now. 

The EURUSD has cracked below the 200 hour MA at the 1.1630 and also a trend line around that level as the London/European session comes to a conclusion. The break sent the price down toward the 1.1600 area and also the lows for the week at 1.1594. 

The price is now below the 1.16194 level which was the closing level from last Friday.  So we are now negative on the day.

The bears are pushing more into the London/European close. 

PS. The EURGBP is also cracking lower and moves towards swing level in the 0.8935-39. 

ForexLive

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