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EURUSD Chops Between 100-Hour and 200-Hour MAs Near 1.142

EUR/USD remains locked in a choppy range-bound session, oscillating between its 100-hour and 200-hour moving averages. The pair found buyers at the daily swing low of 1.13908 after briefly touching 1.1392, allowing a rebound toward 1.1425. The 200-hour MA at 1.14144 now provides near-term support while the 100-hour MA at 1.14280 acts as immediate resistance. A decisive break above 1.14280 would target 1.14618 and 1.15040, whereas a drop below 1.14144 would refocus attention on 1.13908 and lower supports at 1.13770.

Category

EUR/USD

Sentiment

Mixed

Event

Technical analysis

Reading time

1 min