EURUSD continues to stall near 100 hour MA.


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Trades above and below 50% midpoint 

The EURUSD has moved to a new low since August 20 today at 1.14314. 

The fall has taken the price below the 50% retracement of the move up from the January 2017 low to the February 2017 high. That level comes in at 1.14472. We are trading right around that midpoint level as I type (see weekly chart below).  The EURUSD is also trading below the 100 week MA at 1.15056. Last week, that MA was broken but closed above the level.  We are moving away from the level in trading this week and it remains a risk level for shorts (stay below is more bearish).   On more weakness, the 200 week MA comes in at 1.13214.  In August, the 2018 lows traded below that MA line (green line in the chart above), but failed. 
Drilling to the hourly chart, the bearish bias has been supported by the price staying below the 100 hour MA (blue line in the chart below).  Last Friday, the price did venture above the line briefly but failed quickly. Yesterday, sellers leaned against the level, and today, the price approached the line (blue line in the chart below) but found anxious sellers.  
The underside of a broken trend line comes in at 1,1413 (and moving lower).  Keep that line in mind for a level for a stall.  That line stalled the fall yesterday.  

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