EURUSD retests swing area. Second test today.

Area at the 1.1616-27

The EURUSD is up retesting the 1.1616-27 area for the second time today. Earlier the price ran higher and broke above the level to a new high at 1.1634, but failed and moved back lower. The 100 hour MA (blue line remains support below at 1.15859).

A move above the area is needed to push the 1.1638 level (38.2% retracement) and then the 200 hour MA at 1.1657 (green line).

Failure here, and the price rotates back down with the 100 hour MA likely to be tested again.