eurusd holding 50day ma for now

FX:EURUSD   Euro / U.S. Dollar
25 0 1
downtrend still firmly intact, 50day ma has held on closing on friday and bounced off today on initial downmove.
any rallies to the 11350 area should be looking to add to shorts
Comment: downchannel broken, next stop the 100 day MA at 111.50 with ultimate target of 110
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