Headline: EUR/USD Rejected at 100-Hour Average as Bears Target 200-Hour Break
The euro-dollar pair remains choppy as intraday momentum stalls at familiar technical levels. Twice today, EUR/USD probed the 100-hour moving average and failed to break higher, signaling persistent overhead resistance. With buyers unable to gain traction, attention has shifted back to downside supports that will likely determine the next move.
On pullbacks, the 200-hour moving average near 1.1583 has continued to cushion price, alongside a nearby swing low at 1.1576. A clean move beneath both thresholds would hand the initiative to sellers, strengthening bearish control and opening the door to deeper downside in the forex market.
Until then, EUR/USD is boxed in between the 100-hour cap and 200-hour floor. Holding above 1.1583/1.1576 would keep the pair in consolidation and leave another retest of the 100-hour moving average on the table. But after multiple failures at resistance, the path of least resistance increasingly points lower unless buyers can quickly reclaim the upper band.
Key Points: – EUR/USD twice rejected at the 100-hour moving average, reinforcing near-term resistance. – The 200-hour moving average around 1.1583 remains first support. – A swing area low at 1.1576 is the next key level on the downside. – A break below 1.1583 and 1.1576 would strengthen bearish momentum and favor further declines. – Holding above support keeps the range intact and could invite another test of the 100-hour MA.
