Moves below 100 and 200 hour MA
The EURUSD all of the sudden moved from 1.1206 to a 1.1186 in a few minutes of trading. There is not any specific news story that I can see.
The price has since moved to 1.11825.
Technically, the price has moved below the 100 and 200 hour MAs at 1.1188-89.
When the price moves 20-25 pips it is not a huge move but when the trading range is 28 pips, it is…