Snaps back higher
The price of the EURUSD whipped around after a fall below the April ow at 1.1183 could not continue the run through the March low at 1.11751. The low for the day reached 1.11803.
The inability to extend has forced some intraday seller to cover. It muddies the bearish waters a bit for the sellers. The 50% of the day's trading range comes in at 1.12037. If the price starts to trade more above that level, there could be more buying (and more of an upward tilt in the pair intraday).