EURUSD capped by resistance at the 200 hour MA, presses back to key support at 100-hour MA ...Middle East

Today’s price action has been contained, with highs limited near 1.1227, adding to the bearish tone. The pair has rotated back lower and is now retesting the 100-hour moving average at 1.11764—a level that already provided some support earlier in the today.

Buyers will need to push back above 1.1213, then ultimately challenge the 200-hour MA at 1.12429 and swing area resistance between 1.12657 and 1.12754, to shift momentum back in their favor.

Support: 1.11764 (100-hour MA), 1.1145 (swing low), 1.1064 (low for the week), 1.10395 (38.2% retracement of 2025 trading range)

Resistance: 1.1227 (intraday high), 1.1243 (200-hour MA), 1.1275 (swing area top)

This article was written by Greg Michalowski at www.forexlive.com.

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