EURUSD stalls at 100-hour MA, falls to new low
The EURUSD attempted to move higher during the North American session, but sellers leaned against the 100-hour moving average, stalling the advance.
The pair’s inability to break and stay above the 100-hour MA reinforces the near-term bearish bias for the EURUSD and the broader bullish bias for the USD.
The EURUSD rotated lower and extended to a new session low at 1.1589, with the next key targets coming in at this week’s lows near 1.1582 and 1.1575.