The EURUSD sellers pushed the pair under the 50% midpoint of the transfer up from the Might low at 1.14919 yesterday. Though the worth briefly moved again above that degree through the Asian session (reaching 1.1497), the break was short-lived.
The problem immediately is that draw back momentum has pale—the low reached simply 1.1468, leaving the vary comparatively tight. Even so, sellers stay in management, whereas patrons have but to point out a lot conviction.
That might change if the pair reclaims the 50% degree with momentum, opening the door towards 1.1529 after which 1.1546. Nonetheless, failing to take action would shift focus again to the help zone between 1.1447 and 1.1458. A break under that space may have merchants eyeing a deeper transfer towards the 200-day transferring common close to 1.1388—a possible goal earlier than week’s finish if bearish momentum builds.
