EURUSD retraces gains and test 50% midpoint of range since the June 26 low ...Middle East

The EURUSD has continued its move to the downside and currently is printing new session lows for the day and testing the 50% midpoint of the move up from the June 26 low. Earlier today, the low price reached 1.08059. The 50% midpoint comes in 1.08061. The price just reached a new day low of 1.08051 just below each.Buyers in the early US session, traders took the price above its 100-hour moving average (blue line on the chart above) at 1.08354, but could not extend above the 200-hour moving average (green line on the chart above) target at 1.08505. The high price for the day reached 1.08488 just short of that target. The stall gave sellers the go-ahead to rotate the price lower. At the London

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