EURUSD Technical Outlook: Sellers Take Control Below 200-Bar MA on 4-hour chart today
EURUSD technicals The EURUSD moved decisively lower today after breaking below a key support confluence on the 4-hour chart, which included the 200-bar moving average and a swing area between 1.
The EURUSD moved decisively lower today after breaking below a key support confluence on the 4-hour chart, which included the 200-bar moving average and a swing area between 1.12657 and 1.1273. That breakdown gave sellers the technical green light to extend the move to the downside.
The next key target for sellers lies at the 38.2% retracement of the January–April rally, which comes in at 1.10395. A move below this level would strengthen the bearish bias and open the door for further downside potential.
If the price remains below the broken 1.1273–1.12657 zone and the 200-bar MA, sellers retain control in the short term. Holding below that area will be crucial for maintaining bearish momentum.
Summary:
Broke below 200-bar MA and swing zone at 1.12657–1.1273.
Next target: 1.10395 (38.2% retracement of 2025 rally).
Staying below 1.1273 keeps bearish bias intact. One
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