EURUSD back into the narrow range from last week
The EURUSD is lower on the day with the currency down aobut 17 pips currently. However, the break to the downside that took the pair outside the narrow 68 pip trading range, has failed. In the process, the price is back above the 200 day MA at 1.13413 AND the 200 week MA at 1.13453 (this week's MA). The 200 hour MA is also at 1.1341 and swing lows are from last week at 1.1343-47.
The failure on the break tilts the bias back to the upside above the 1.1341-47 area. Move below, would tilt lower again. That area technically is still a key area. On the topside, buyers will feel more confident on a move above the 100 hour MA (blue line) at 1.13656. Above that at the 1.13927 area willl be targetted. That level is the 61.8% of the 2019 trading range.
Should the downside support give way (and stay below), the 1.13234 is the 38.2% of the move up from June 18. The 1.12962 is the 50% of the same move higher. Those levels would be targeted.