EURUSD
EURUSD returned to a new session low and in doing so tests the 200 hourly MA at 1.0687. This MA blocked the fall on Friday (at a lower level). A move below the 200 hour MA is now required to increase the bearish bias and for traders to target the trendline and swing zone low up to 1.06529.
If buyers block the fall here (and traders could buy here given the low risk), a return above the 100 hourly moving average at 1.0711 would be considered a level to reach and break through, for give more confidence to buyers in the event of a decline.
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