Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
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.
This article was written by Greg Michalowski at investinglive.com.
đź’ˇ DMK Insight
The EURUSD’s recent price action around the 100-hour and 200-hour MAs is crucial for short-term traders. Testing resistance at the 100-hour MA indicates a battleground for buyers and sellers, with sellers stepping in at session highs. This suggests a potential short-term bearish sentiment if the pair fails to break above this level. On the flip side, the 200-hour MA providing support shows that buyers are still active, which could lead to a bounce back if the pair approaches this level again. Traders should keep an eye on these moving averages as they could dictate the next swing. If the EURUSD breaks above the 100-hour MA decisively, it could open the door for a rally towards higher resistance levels. Conversely, a failure to hold the 200-hour MA might trigger further selling pressure. Watch for volatility around these key levels, especially if economic data releases or geopolitical events occur. Monitoring the price action closely around these MAs will be essential for making informed trading decisions.
đź“® Takeaway
Keep an eye on the 100-hour MA for resistance and the 200-hour MA for support; a break below could signal further downside.
