EURUSD corrects toward the 50% of the day's trading range

2010 swing low also tested

The EURUSD has corrected toward the 50% of the days trading range at the 1.18788. Near that level is the 1.1876 swing low going all the way back to 2010. It took until January 2015 to get below that level.

Looking at the 5- minute chart, the 100 bar MA is also at the area now (and moving lower). the pair has been able to stay below the 100/200 bar combination. With the 100 leading the 200, that is the closest level of resistance now.