EURUSD trades to a new session low, but remains above hourly moving averages ...Middle East

EURUSD falls from the 61.8% retracementThe EURUSD has traded to a new session low of 1.09244. That took out the Asian session low of 1.0926. The low-to-high trading range is still narrow at 34 pips. That compares to 72 pips average over the last 22 trading days (about a month of trading). There is room to room.Looking at the 4-hour chart above, the high price today stalled right near the 61.8% retracement of the move down from the July 18 high at 1.09589. Last week, the price high for the week stalled at 1.0963. The break above the 61.8% retracement failed. Today's high found willing sellers against that retracement level. Sellers leaned.Drilling to the hourly chart below, although a new low

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