Price moved above its 200 hour moving average/38.2% retracement

The EURUSD has been able to slice through its 200 hour moving average and 38.2% retracement near the 1.1722 area. That level is now close support and risk for buyers/longs (down to 1.17132).  

The next key target comes in at the 1.17557 level. That is home to the 50% retracement of the move down from the September 15 high.

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