EURUSD: Bullish but Barely Above EMA200 — 1.1693 vs 1.1689Euro/US DollarFX:EURUSDSmartFlow2026█ STRUCTURE EURUSD at 1.16927 with LONG/Above/Bullish, but the margin above EMA200 (1.16888) has shrunk to just 4 pips. This is the tightest EMA200 proximity across all four assets. The pullback from 1.1740 has been significant — over 50 pips in a few sessions. Multiple MSS and BoS labels show a choppy structure with both bulls and bears fighting. The bullish structure is technically intact, but the proximity to EMA200 makes this a pivotal moment. The right side of the chart shows SW labels and a fresh BoS, suggesting the bulls are attempting to defend EMA200 as support. █ KEY LEVELS Resistance: 1.1700-1.1720 (recent MSS / BoS zone) Resistance: 1.1740 (swing high) Support: 1.1689 (EMA200 — 4 pips below) Below: 1.1650 / 1.1600 █ WHAT TO WATCH EUR was the strongest asset for the past week, but the cushion above EMA200 has evaporated from 37 pips (Apr 10) to just 4 pips today. If EUR loses EMA200, it would join gold in a "Below" reading, leaving only NAS100 clearly above. Watch the London close for direction. Not financial advice. For educational purposes only.