Moves below support at 111.21-245
The 50% of the move up from the April 17th low comes in at the 111.245. The 200 bar MA on the 4-hour chart comes in at 111.21 currently. The price has been dipping below those two levels in trading today, but there has not been much momentum. Looking at the hourly chart below, there were two hourly or closes below the level in the Asia-Pacific session, but zero in the European session. The price is breaking now. Stay/close below is more bearish.