Euro dips below 1.1800 in fresh test of 100-dma

Technical Analysis

Author: Adam Button | eurusd

EUR/USD at the lows of the day

The euro bounced off 1.1800 yesterday and eventually climbed to 1.1840. A fresh test today broke the 1.1800 barrier to 1.1796, which is the 100-day moving average (and the 21-dma).

Next is the 55-dma at 1.1768.