Market shifts below 100 day MA. Can it stay below? The EURUSD had an up and down time of it for the first 45 minutes of trading after the FOMC statement. The correction off that move (up to 1.10776 and down to 1.10034) held the 50% at 1.1040 (see chart below). The next fall below the 1.1011 (100 day MA) turned the bias back lower (see price action on the 5 minute chart below) The target? The 200 hour MA and 50% retracement of the move up from July 20 low comes in at the 1.0961-677 area. The low for the day came in at 1.09663 (see chart below) and held. Buyers showed up where they should have shown up. To go lower in ... (full story)