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.
Break lower: Opens the door toward 1.1486 and the weekly low at 1.1445
Hold support and rebound: A move back above 1.15295 would be needed to reassert buyer control
The battle at the moving averages is back on for now. How will the market respond at the key confluence area. .
? Key support:
100/200-hour MAs: 1.1507 – 1.1513
Swing-level: 1.1486
Low for the week 1.1445
? Key resistance:
Swing area: 1.15235 – 1.15295
High from earlier this week (Tuesday) : near 1.1578
Buyers are trying to wrestle back control and MA levels
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd buyers leaning in but can they break free 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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