EURUSD Technicals: The EURUSD is back down testing the 100 hour MA.Can sellers push below?

  • The EURUSD has tested the higher 100 hour MA twice today and found willing sellers on the tests. Get below the 200 hour MA and swing area low at 1.1576 increases the sellers control.

The EURUSD is moving up and down today. At the session highs, the pair tested and held resistance at the 100 hour MA on two separate occasions. Sellers leaned.

On the downside, the 200 hour MA held support earlier (green line) and also held support at the low of a swing level at 1.1576.

The price has most recently moved back down to the lower extreme. If that 200 hour MA can be broken at 1.15828 and then the low of the swing level at 1.1576, that would increase the sellers control and open the door for more downside probing.

Key test at lows after buyers had their shots, and missed.

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