EURUSD is back down retesting a lower trend line

Earlier test stalled the fall

Looking at the 4-hour chart below, the price of the EURUSD is back down testing a lower trend line at 1.13818. Earlier in the day, that line was tested (ticked below it, but failed).

The correction off the bottom today could only get back to the 1.1410 level (in the NA session). That was well short of the 100 bar MA on the 5-minute chart below, and the 38.2% of the trend move lower.

The trend line is a risk defining level that is attracting some buyers. I would expect that if the line is broken (and the low taken out), dip buyers would sell instead.