The EURUSD, like many other pairs, has been caught in sharp two-way swings. In early U.S. trading, the pair dipped below a swing area between 1.1581–1.15885, but the move quickly failed. As has often been the case in these volatile summer sessions, the inability to extend lower sparked a reversal in the opposite direction.
The rebound carried the price back above the 50% midpoint of the July 1 high-to-low range at 1.16098, which opened the door for a run toward the falling 100-hour moving average at 1.16415. Sellers stepped in at that level, capping the advance and forcing a pullback. With the 100-hour MA holding firm, it remains the key near-term resistance to beat. A sustained break above would shift focus to the 200-hour moving average at 1.16531, which would need to be cleared to strengthen the bullish case.
On the downside, slipping back below the 50% midpoint at 1.16098 would give sellers fresh confidence and could restart the move back toward the earlier lows. For now, the back-and-forth price action reflects the choppy, indecisive tone of late-summer trading. Staying flexible and listening to the market remains the best approach in this environment.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about eurusd finds sellers at the 100 hour ma what next 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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