Approaches 100 hour MA. EURGBP moves down as well. Tests 100 hour MA.
The EURUSD has joined the GBPUSD and did a 4 PM Friday London fixing tumble lower. The price moved from 1.1147 to 1.1108 in a 10 minute window leading up to fixing time. Technically, the next target remains the 100 hour MA which is currently at the 1.1093 level. The 38.2% of the move up from last Friday’s low comes in at 1.10759.