EURUSD trades back between the 100/200 hour MAs in a up and down trading session
The EURUSD has seen two-way price action today, swinging lower, then higher, then back lower before rebounding once again. During the latest move down, the pair tested a key swing low from the daily chart at 1.13908, a level dating back to late July 2025. The session low reached 1.1392, just above that support, where buyers stepped in.
On the topside, sellers initially leaned against the 100-hour moving average, currently at 1.14280, during the European morning session. Sellers push the price lower. However, since finding support near the 1.13908 level, the pair has climbed back toward that resistance and is now trading at 1.14251, just below the 100-hour MA once again.
Importantly, the rebound has pushed the price back above the 200-hour moving average at 1.14144, making that level the first line of support in the short term. As long as the price remains above the 200-hour MA, buyers keep the slight technical edge. A break above the 100-hour MA would strengthen that bias and target the 38.2% retracement of the decline from the May 29 high at 1.14618. A move above that level would shift the focus toward 1.15040, where the 50% retracement and an important swing area converge.
On the downside, a move back below the 200-hour moving average would tilt the bias back in favor of the sellers, putting the 1.13908 swing low back in focus. A break below that support would expose 1.13770, followed by the June low at 1.13238.
For now, the EURUSD is caught between its 100-hour and 200-hour moving averages, with buyers and sellers battling for control. The next meaningful directional move will likely come on a sustained break above the 100-hour MA or below the 200-hour MA. Those levels are the key technical battleground for traders in the near term.
This article was written by fl932d6e52a19643278e0f123bca7198f5 at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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