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EURUSD retraces back toward the 100/200 hour MA


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Also nears the close from yesterday’s trading

The EURUSD closed yesterday at 1.1352. The price action in the Asian session raced higher – taking out the highs from last week with not much problem at 1.1401. The high reached toward the next targets at swing levels in the 1.1421-24 area, but could only reach 1.14178.  

Admittedly, the fall from the high waffled around the 1.1400 level for 3 or so hours into the NY session, but the last two hours has seen a break lower.  Fed’s William’s is being a bit more hawkish with his comments. 
That run has taken the price back below a broken trend line at 1.1377 and to the 100 and 200 hour MAs at the 1.13529-614 area.  A break below that area would push the price back lower and into the red for the day (1.1352 was the close). 
Sellers are more dominant but testing a key technical support area.  

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