The EURUSD moved higher during the Asian and early European sessions, breaking above both its 100- and 200-hour moving averages—a shift that tilted the short-term bias more bullish. The pair extended to a high near 1.15549, pushing above a key swing area before encountering sellers.Since that high, the corrective move lower has been orderly, with price holding support near the 200-hour moving average (currently ~1.1533). The 100-hour MA (1.1549) is also in play, creating a tight technical cluster that now acts as a near-term battleground heading into the close and the next trading session.From here, the levels are well defined:A break below the 200-hour MA (1.1533) would shift the short-term bias back to the sellersA move back above the swing high near 1.1555, and then today’s peak around 1.1571, would give buyers momentum for another upside pushOn the downside, further support comes in at the swing area between 1.1484 and 1.1491. A break below that zone would target a rising trendline near 1.1459 (and moving higher).On the topside, if buyers can extend above 1.1571, the next key target is the 38.2% retracement of the move down from the February 10 high at 1.1606—a level that would signal a more meaningful shift in control.Bottom line: The pair is at a technical inflection point, with price wedged between key moving averages and recent highs. Let the break dictate the bias—a move below 1.1533 favors sellers, while a break above **1.1555–1.1571 opens the door for further upside toward 1.1606. This article was written by Greg Michalowski at investinglive.com.