Price tests 100 hour moving average twice and finds willing sellers”). That moving average once again attracted sellers during the early Asian session today, helping to push the pair lower.
The downside move carried the price into an important support zone between 0.7771 and 0.7782. Recall that the April low reached 0.7774, while additional swing lows from earlier trading history sit just below the 0.7771 level, making the area a notable floor for buyers to defend. Today’s low reached 0.7772 before the pair staged a modest rebound.
So, for now, the technical picture remains defined by resistance holding at the falling 100-hour moving average — currently near 0.7819 — and support holding in the 0.7771 to 0.7782 swing area. The current price is trading near 0.7800, roughly midway between those key technical levels. Traders will continue to use those zones as near-term barometers for bullish versus bearish control.
From a broader technical perspective, the bias still tilts to the downside. The pair remains below the 100-day moving average, below the 200-hour moving average near 0.7850, below the 50% midpoint of the 2026 trading range at 0.78228, and below the falling 100-hour moving average at 0.7819
