Price below 38.2%, 200 bar MA on 4-hour chart and swing levels but not doing much
The EURUSD has traded the last two hours below the 200 bar MA on the 4-hour chart (green line at 1.06316), the 38.2% of the move up from the March low at 1.0630 and the swing levels between 1.0629-1.0632. The low reached 1.0625. The price should have gone lower. The sellers had a lot of technical reasons to move lower. It did not. That is a concern for shorts. They are not taking back control.