Weaker flash PMI data sent the EURUSD and GBPUSD sharply lower in the European session, but while the GBPUSD retraced all this declines, the EURUSD remains lower.Technically,, the EURUSD fell below its 100 hour moving average of 1.11382. Recall on Thursday and Friday of last week, the price based against that moving average and bounced higher. That was not the case in trading today. The momentum lower took the price below its rising 200-hour moving average of 1.11058, but has since bounced back above that level. So the price of the EURUSD is trading below its 100 hour moving average of 1.1138. I would expect sellers to lean against that level on a rebound. On the downside, getting back belo
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