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EURUSD trades to new lows as London traders exit for the day


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More selling into the weekend

The EURUSD trades to new session lows as London traders exit for the day.
The pair was hurt today after the PMI data out of German came out weaker than expected.

Technically, the price turmbled to the 200 hour MA (green line), then fell below the line and moved lower.
The EURUSD traded above and below the 50% retracement at 1.13432 for the last 6 or so hours, but is moving away now. That level is now close risk for shorts.  The lows from November 16 at 1.1321 and the 61.8% retracement at 1.13128 are now targeted. 
Sellers in control.  
ForexLive

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