EURUSD strikes again to the 100 hour MA after the push in opposition to the 200 hour MA stalled.

The EURUSD moved higher in the early US session and tested its 200-hour moving average currently at 1.08342. Although the price ticked above the MA line on a few hourly bars, the momentum stalled.

The buyers turned to sellers, and the price has moved back to the 100-hour MA (blue line) at the 1.08056. The price is currently banging against the level, but so far finding support buyers.

The two moving averages are the bias-defining levels in the short term. Yesterday the price moved above the 100 hour moving average for the first time since September 30 and increased the bullish bias. .

Today, the 200 hour MA has been broken by a pip or two increasing the bullish bias, but momentum quickly faded. The price has not closed above the 200-hour MA since September 30. .

So the sellers fended off the upside try by the buyers. Can those sellers now keep the pressure on with a break back below the 100-hour MA?

A move below would have traders looking toward 1.0776. Below, that and the door opens to the low for the week at 1.0761, followed by a swing area between 1.0710 and 1.07346.