The ECB meets tomorrow with expectations of a 25 basis point cut. Going into that decision, the EURUSD is moving to its lowest level since August 2. In addition, technically the price just broke below its 200-day moving average at 1.08728. The current price trades at 1.08660. Sellers are making a play below that 200-day moving average for the first time since August 2.Of course the risk exists through the ECB rate decision. Will there be a bounce-back rally after the fact?, Will sellers continue to put the pressure on and have traders looking toward the lows from the end of July/early August at 1.08248 and 1.07775 respectively?A more conservative stop level now would be the swing area above
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