EURUSD technicals
The EURUSD sellers had their shot, breaking below the 200-hour MA late Wednesday and driving the pair to a low and swing level at 1.1445. Buyers leaned against that level and helped push the price back up, retesting the 200-hour MA by day’s end yesterday.
In the Asian session today, the pair finally broke above the 200-hour MA (green line), extended through the 100-hour MA, and reached the swing area between 1.15239 and 1.15295. But in early European trading, momentum stalled, and the price rotated back lower.
Now, the pair is testing the converged 100- and 200-hour MAs between 1.1507 and 1.1513—once again a key barometer for directional bias.
The battle at the moving averages is back on for now. How will the market respond at the key confluence area. .
📌 Key support:
📌 Key resistance:
Buyers are trying to wrestle back control and MA levels
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