In the early U.S. session, the pair rotated lower, slipping back under both the 100- and 200-hour moving averages. Holding below these levels now serves as a bearish barometer, suggesting sellers have regained near-term control.
The recent volatility makes the choppy back-and-forth price action less surprising. Still, the roadmap is clear: buyers will need to reclaim and hold above 0.8071 to reestablish control, while sellers will look to lean against the moving averages and press toward support at the lows (between 0.8017 and 0.80233).
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