Falls below trend line target and MA/retracement. Range near 22 day average now.
The EURUSD start the New York session with a 30 pip trading range. At the time I said:
Remember there is room to roam today. Keep your eyes open for a momentum break (in either direction). We may not get to the 22 day average range of 94 pips, but is unlikely that we and with a 30 pip trading range for the day either.
The last run, took the price below its 100 hour moving average 50% retracement near the 1.1873 level. The low extended to 1.18639. That was between swing highs and lows between 1.1861 and 1.1867.
With the range within 6 pips or so of the 22 day average, and testing a support cluster between 1.1861 and 1.1873. There should be some support buyers on the test with stops on a break below.
Non trend transitions to trend.