Buyers lose some of the momentum but sellers have more to prove
The EURUSD fell below trend line support, and quickly moved to the next target against the 100 hour MA. That level comes in currently at 1.11782. The low price stalled at 1.11186.
Seller have taken some control with the break below the trend line, but they have more to prove if they are to take more control. Those looking for top being set, won't like to see a move back above the broken trend line. That is risk for shorts now. For buyers, stay above the 100 hour MA now. The battle is on.
