The EURUSD pair recently stalled its correction near the 200-hour moving average, with sellers maintaining control. Last week, EURUSD peaked at 1.18266, the highest since September 2021, but momentum faded, and the pair dropped below the 100-hour moving average to a low of 1.1718.<\/p>\n
Attempts at recovery saw the price test the 100-hour MA on Friday and earlier today, yet sellers held firm. Despite moving below the 200-hour MA at 1.1744, the Thursday low of 1.1718 has not been breached, acting as a short-term support level.<\/p>\n
The price rebounded toward the 200-hour MA, but sellers have again stalled any upward movement. As long as the price remains below this level, the bearish trend continues. A breach of the 1.1718 level could lead to a fall toward the 1.1663\u20131.1691 zone, an area of previous support and resistance since 2021. Breaking below this zone might indicate stronger downward momentum is likely.<\/p>\n
What we\u2019ve seen in recent sessions on the EURUSD is a textbook case of a once-strong rally losing steam right at a technical barrier. The pair topped out at levels last traded in 2021, but from there, it’s been a slow and deliberate pullback. The inability to sustain momentum above the short-term moving averages, especially the 100-hour and 200-hour lines, is telling. <\/p>\n
That brief jump on Friday and another earlier today, both cut short near the 100-hour marker, clearly reflect a lack of buying commitment at these levels. There’s pressure, and it\u2019s not being shrugged off quickly. Sellers seem comfortably in command for now, with lower highs forming and any bounce facing resistance almost immediately. The 200-hour line, sitting around 1.1744, has effectively functioned as a lid on price.<\/p>\n
Price action near this barrier has been orderly, but telling. The inability to close above it keeps short-term momentum leaning downward. Titling under this line, bulls have not been able to reclaim even momentary control. It leaves the focus on 1.1718\u2014a low from late last week that acted as a temporary floor. That level becomes pivotal for near-term direction. If it cracks, the next logical interest zone isn\u2019t far below: 1.1663 to 1.1691, an area where price reacted several times over the last few years.<\/p>\n
From our side, it\u2019s worth watching for repeat setups and tracking volume as these levels are retested. If movement toward the lower band around 1.1663 happens with stronger selling and follow-through days, pressure could increase beyond those support lines. The absence of buyers may allow wider downside spacing. We would closely observe any rejection candles or failed bounce attempts just below 1.1718, as that could serve to reinforce shelving bias further.<\/p>\n
There\u2019s been a technical build-up here, not just volatility for its own sake. The structure over the last fortnight shows a market with declining confidence in upward continuation. Support zones are narrow, and attempts to reclaim lost ground have been met with firm rejection. No random chop, just a series of lower kicks that struggle to make upward headway.<\/p>\n
It\u2019s not the time to assume reversion will arrive smoothly. Instead, watch where price sits relative to those moving averages and lower reaction zones. The longer the pair stays confined below 1.1744, the less likely a drift higher seems. Current activity shows compression\u2014support holding narrowly, and resistance capping clearly. When one gives way, it could matter.<\/p>\n","protected":false},"excerpt":{"rendered":"
EURUSD stalls below 200-hour MA; sellers dominate as key 1.1718 support level holds amid bearish pressure.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-25958","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=25958"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25958\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=25958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=25958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=25958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}