The EURUSD stretched higher in the US session, but after reaching a high price of 1.1388, and getting within four pips of its 200-hour moving average, buyers turned to sellers and have pushed the price back lower.

The current price is trading at 1.13727 after reaching a post-high low price of 1.1364.

Yesterday, the price moved briefly above the 200-hour moving average on three separate hourly bars, but momentum died after extending above five or fewer pips above that MA. Momentum could not be sustained.

At session lows today, the price approached the lows from Wednesday (two lows) near 1.13072. The low today reached 1.1314 before finding buyers.

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