Swing area and trend line breaks sends the price scooting lower.
The EURUSD has also moved lower on the back of the less dovish comments from Powell on inflation.
Technically, at the high, the price stalled near the hgish from April 22/23. However, it was thr break of trend line and the swing area at the 1.1225-29 that turned the bias more bearish and in favor of the bears.
The fall has found some support buying near the 200 hour MA at 1.1197. A move below that level will be eyed now by shorts. Risk is not the 1.1225-29 area.
