The pair has been tempting to break but showing more momentum
The 100 bar MA on the 4-hour chart (blue step line in the chart below) at 1.0866 has been tickled by traders for most of the NY/London session. The price has moved below on 5 separate hourly bars, but each one failed to close below. The price just fell below that rising MA line at 1.0866 level and made new session lows. Stay below that MA line and bears have more control.
Forex technical analysis: EURUSD extends and moves below the MA support
