The current focus is on the swing area between 1.1193 and 1.1213, which previously marked key highs from 2024 (not shown). A confirmed break below this zone - and the 100 hour MA at 1.11876 - would be technically significant and likely accelerate selling momentum.
Key technical levels:
Support: 1.1193–1.1213 (swing zone), 1.11876 (100-hour MA), 1.1145, 1.10648
The sellers remain in control as long as price stays capped below 1.1213. Watch for follow-through below key supports to confirm bearish continuation.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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