The EURUSD back retesting early NY session break point

100 and 200 hour MAs tested. Price low today stalls nears key swing area

The EURUSD is back up trading around the 100 and 200 hour MAs in the 1.16165-1.1625 area. Earlier today in the NY session, the price cracked below those level and ran to the next target area in the 1.1994-99 area. The low came in at 1.1591 and selling stalled.

With the price back up and trading between the 100 and 200 hour MAs, the market has another trading decision... Move back above the MAs and make a run back toward the 100 and 200 bar MAs on the 4-hour chart at 1.1655 and 1.1686 respectively. The 200 bar MA has stalled the rallies twice last week. The alternative is to stay below the MAs and get below the swing levels below (yellow area).

PS Belgium just tied Japan 2-2. 76th minute. Earlier today, Brazil defeated Mexico 2-0 to advance to the quarter finals