EURUSD Technical Levels Drive Short-Term Currency Moves
EURUSD is experiencing volatile short-term directional shifts as it moves through key moving average levels, with technical bias swinging between upside and downside depending on whether the currency trades above or below its 100-hour and 200-hour moving averages.
1 article · first seen 5/13/2026 · last update 4/29/2026
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- Forexlive4/29/2026, 7:03:55 PMEURUSD moves below the 200 day MA
EURUSD has broken below its 100-day moving average at 1.1675, reaching a low of 1.1662, following the FOMC rate decision and hawkish comments from Fed Chair Powell. The USD is being supported by rising yields, with the 2-year up 9.3 bps near 4.00% and the 10-year near 4.417%, while a 7.15% surge in crude oil prices is amplifying inflation concerns. Technical bias is bearish below the 100-day MA, with key resistance at the 200-day MA and the 38.2% Fibonacci retracement near 1.1681.
Sentiment -0.30Sim 93%