EURUSD buyers lose momentum near 50% and shift focus back to key support zone | Forexlive

Yesterday, the EURUSD saw a bullish attempt as price moved above the 50% retracement level at 1.13183, but buyers failed to hold the break, turning momentum back toward the downside in the short term. That failure gave sellers a renewed edge, at least in the short term.

The pair is now approaching a key technical confluence area between 1.1258 and 1.12754. This zone has played a pivotal role recently—acting first as a floor, then as a ceiling, and now potentially a floor again. Within this range lies the rising 100-hour moving average and the broken 38.2% retracement of the move down from the April high —adding further weight to its importance.

A hold above this support cluster keeps the pair in a neutral-to-bullish posture – negating the failure above the 50% retracement. That potentially sets the stage for another upside attempt. However, a break below 1.1258 would shift the bias more clearly back to the downside, exposing further support levels at 1.1215 (the 200 hour MA) and a swing area between 1.11899 to 1.1213.

Key levels to watch:

• Resistance: 1.13183 (50% Fib), 1.1362 (highs from yesterday), 1.1378 (61.8% retracement)

• Support: 1.1258–1.12754 (key zone), 1.12157 (rising 200 hour MA), 1.11899 to 1.1213 (swing area)

Momentum is turning, and how price behaves around 1.1258–1.12754 will be critical in determining the next directional move/bias.

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