Midpoint of the October range in the area.
The EURUSD stalled for the 2nd time at the 100 bar MA on the 4-hour chart at 1.1776. The 50% of the October trading range at 1.17739 is also in the area. The high just peaked at 1.17769. The price is trading back down to 1.1765. Buyers shifting to sellers? It is a possibility.
Drilling to the 5 minute the 100 bar MA remains a level to eye on the downside (at 1.17563). That MA has been a barometer for bullish above and bearish below over the last few days...
