Stalls on the first look

The EURUSD moved above the 100 bar MA on the 5-minute chart, tested it, found buyers and moved higher to the 200 bar MA (green line). That was broken and the price moved even higher. See earlier post.

The price is still down on the day, but is eating into the declines. Bank of France's Villeroy spoke positively about the French economy at least (they are off the World Cup win too). The close yesterday came in at 1.1659. The high just reached 1.1649.

Looking at the hourly chart below, the price high stalled against a nice swing level at 1.1650 area. That area has a number of swing levels that has stalled falls or rallies going back to July 12. Above is more bullish. Below is more bearish.

Sellers leaned on the first look as risk could be defined and limited against the level.