Looking at the hourly chart below, a key catalyst for the move to the downside today from a technical perspective was the holding of the 100 hour moving average (blue line) at today's highs. Sellers leaned against the moving average level, and the price action started to move back to the downside. If the price can't move above the 100 hour MA and stay above, the sellers remain firmly in control.
Close risk will now be between the 1.22445 low from 2018 and the low from yesterday 1.2251. Stay below is more bearish.
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