EUR/USD On The Edge — Is Another Slide Just Getting Started?

  • Looking at the 4-hour chart, the pair failed to clear the 61.8% Fib retracement level of the downward move from the 1.1380 swing high to the 1.1065 low. It settled below the 1.1250 level, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour).