The EURUSD is moving lower after a failed break above the 100-hour MA at 1.15397 and the swing area between 1.1541 and 1.1546. Buyers couldn’t hold the move, shifting the bias back to the downside as failed breaks often do.
The pair is now rotating toward the Friday close at 1.1512, with the session low so far reaching 1.1516. Below that, the market will look to a series of familiar downside targets:
– 1.1500 — last Thursday’s low and a key psychological level
– 1.1503 — the low from that same day
– 1.1490 — the low from last week
With the upside push rejected, the 100-hour MA and the 1.1541–1.1546 swing area now serve as risk-defining resistance. As long as the price stays below those levels, the sellers remain in control.
