The EURUSD attempted a move higher earlier today but failed to sustain a break above the key swing area between 1.1265 and 1.1276. This zone, which had previously acted as a support floor and more recently as resistance, once again attracted sellers, leading to a downside reversal.
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.
Should the pair break below the moving average cluster, attention will turn to the Friday low at 1.1130, followed by the low from last week at 1.10636, and then the 38.2% retracement of the January 2025 low to the April high at 1.10395.
Summary:
Resistance Targets:
1.1265–1.1276: Key swing area; failed break today; former support turned resistance
1.1345: Trendline resistance
Support Targets:
1.1208: 200-hour moving average
1.1197: 100-hour moving average
1.1130: Friday’s low
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 ( ) 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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