Tests an intraday low target

The EURUSD has dipped to a new session low as European/London traders look to exit for the day. The the price is testing a lower trendline on the 5 minute intraday chart at 1.1845. A move below opens the door for further downside momentum. 

   

Looking at the hourly chart, a run lower would next target the lower trendline currently at 1.1835. Below that is a day moving average 1.18127.

Hourly chartEURUSD on the



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