EURUSD capped by resistance at the 200 hour MA, presses back to key support at 100-hour MA | Forexlive

The EURUSD remains under pressure after yesterday’s rally was capped by the 200-hour moving average and a swing area that extended up to 1.1275. That area remains a key upside hurdle for buyers looking to regain control, although the MA has drifted lower and currently sits near 1.1243.

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.

A break and hold below 1.1176 would tilt the bias further to the downside and expose the pair to a deeper retracement, with potential targets at 1.1145, the low for the week at 1.1064 and the 38.2% retracement of the 2025 trading range (from the Januayr low) at 1.10395. Getting below the 38.2% will ultimately need to be broken for the sellers to take more control.

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.

Key levels:

• 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)

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