The buyers tried to take back more control, but sellers kept a lid on the pairThe EURUSD tried to extend higher and in the process, the pair tested the 50% of the range today at 1.1754. The 200 bar MA was at 1.17565. The high corrective price reached 1.17564.
The hold does two things intraday.
We are seeing a rebound back up toward the level as I type. Buyers may not be giving up but the sellers still hold the biggest stick in this battle. Risk is defined and limited at the key area.