EURUSD Technicals: The EURUSD sellers are making a break for it….What is being broken?

The EURUSD is making a “break for it”. What break is it making?

The pair has moved below a cluster of technical levels:

  1. A swing area between 1.16449 and 1.16596. That area has been a floor and ceiling on the hourly chart going back to September 10
  2. The 100 hour MA at 1.1655, and the
  3. 100 day MA at 1.16502

Staying below those levels now that they have been broken, keeps the seller in firm control with the 200hor MA the next key target at 1.1623. Get below that, and the focus shifts toward the lows from month including the double bottom at 1.15413

EURUSD Technicals: The EURUSD sellers are making a break for it….What is being broken?

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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