Falls below MAs
The EURUSD is trading at fresh session lows (1.0876) as stocks rebound (Nasdaq is positive and S&P is down -0.75%). At the lows, the S&P was down to a low of 1812.29. It is currently at 1861.
The move has taken the price below the 200 hour MA now at the 1.0886 level and has even peeked below the 38.2% at 1.0879. Yesterday, the pair fell below the MA as well and found support buyers at 1.0859. That is the next target in this up and down market.
Dow down -200 again. Buckle your seat belts.
