Trendline cuts across at 1.1722
The EURUSD is traded to a new session low and in the process is testing a swing area between 1.1723 and 1.17264 and a lower trendline at 1.1722.
However, in the US session, the price started to move back below below those moving averages and the buyers turned to sellers.
Since then, there has been limited corrective action to the upside. The price is well below the falling 100 bar moving average which is up at 1.17618 and moving lower (blue line). It is also below the low from yesterday at 1.17498. Stay below that low and the 38.2% retracement of the move down today at 1.17484, and the sellers remain in control.