The EURUSD ends the week lower after an up and down path to the downside. The downward trend fell under a group of MAs with the 200 hour MA being the one that topped the pair on Tuesday, Wednesday, Thursday and again on Friday. That ceiling increases the importance of the MA level 200 times. The rate comes in at 1.05258. In early trading next week, staying below will keep the sellers more in control. Move up and the 38.2% of the November area at 1.05628 and the swing area at 1.05926 to 1.0611 will become the next main target.
If the price stays below the MAs (below 1.05258, the downside target is a swing area between 1.0448 to 1.0461. Move below that level and the swing low from November 26 at 1.0424 would be targeted, followed by the low since November at 1.0332).
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