Below the 200 bar MA on 5-minute chart
The EURUSD has dipped below the 200 bar MA on the 5-minute chart (green line in the chart below). That MA held support earlier in the trading day and bounced higher. The fall below is a step in the bearish direction but the pair is also testing the high from yesterday and a swing low from earlier today at 1.1804. For shorts, you want to see the 1.1804 level broken. If done, the next key target will look toward the 1.17847 where the 38.2% is found along with swing levels from earlier in the trading day.
