Moving away from the 50% retracement
The EURUSD is continuing the move to the downside and in the process is moving away from the 50% retracement 1.1089. The next target would be a lower channel trendline that comes in at 1.10768. Below that is the 100 day moving average at 1.1063. Also near that level is the 61.8% retracement of the move up from the end of November low. That comes in at 1.10638.