EURUSD trying to make a break lower.

Looking at the hourly chart below, the EURUSD moved below the 100 hour MA earlier today and has now moved below the what I consider a key floor that turned into a ceiling this morning. The 1.2275-79 area has been how to swing lows over the last few days. Back on February 14th it was also a swing low. On Feb 21 (green circle 2) it was the low for the day.

On Feb 22, the price did venture below on a number of occasions but failed without much momentum.

The price is below that area now and in the current bar, the price used that area as resistance. The floor is now a ceiling.

The low from last week at 1.2259 has been broken and will be eyed as a level to get and stay below as well.

For risk though, stay below the 1.2275-79 and the sellers are in control. Move above and the waters get muddy on the failed break.