Forex technical analysis: EURUSD hourly moving averages ahead

First look above, failed.
The EURUSD has had an up and down day. The down in the early part of the day, took the price below the 1.1160-71 area (see yellow area) where there has been a number of swing levels. The move took the price toward the 38.2% of the move up from the May 11th low. That retracement comes in at 1.11038. The price low reached 1.1108 today.  

Forex technical analysis: EURUSD hourly moving averages ahead

First look above, failed.
The EURUSD has had an up and down day. The down in the early part of the day, took the price below the 1.1160-71 area (see yellow area) where there has been a number of swing levels. The move took the price toward the 38.2% of the move up from the May 11th low. That retracement comes in at 1.11038. The price low reached 1.1108 today.  

Forex technical analysis: EURUSD hourly moving averages ahead

First look above, failed.
The EURUSD has had an up and down day. The down in the early part of the day, took the price below the 1.1160-71 area (see yellow area) where there has been a number of swing levels. The move took the price toward the 38.2% of the move up from the May 11th low. That retracement comes in at 1.11038. The price low reached 1.1108 today.