EURUSD turns lower after failing at key resistance – eyes support at MAs ...Middle East

Following the rejection at resistance, the pair has rotated lower and is now testing a key support zone defined by the 200- and 100-hour moving averages, currently at 1.1208 and 1.1197, respectively. These levels will serve as important short-term bias indicators. Holding above the MAs would keep the door open for renewed upside attempts. However, a sustained move below would tilt the bias back in favor of the sellers.

Summary:

1.1265–1.1276: Key swing area; failed break today; former support turned resistance

Support Targets:

1.1197: 100-hour moving average

1.10636: Low from last week

1.10395: 38.2% retracement of the move up from the January 2025 low

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about eurusd turns lower after failing at key resistance eyes support at mas was published today ( Monday 19/05/2025 - 08:33 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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