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Month end. so flows may heat up in the next hour
The EURUSD fall has continued following the GDP data today. Also it is month end, as a result, there may be additional flows into the London fix.
The pair fell back below the 100 day MA earlier, traded around the level, and is now making a run below the 100 hour MA (and trend line) in the 1.1366-68 area). On more downside, the 1.1348 is home to the 38.2% of the move up from the February 15 low, and the 200 hour MA (green line).
This article was originally published by Forexlive.com. Read the original article here.