EURUSD tests key swing area between 1.0936-1.0954

The EURUSD exchange rate has increased today, reaching a high within a swing area between 1.0936 and 1.0954. Sellers have been active around this area. After the price dipped, it found support near the rising 100-hour moving average, which is at 1.0888. A slight bounce occurred at the start of the North American trading session. However, this was followed by another drop toward the 100-hour moving average, where buyers again stepped in. The price has since risen back into the swing area. Currently, the high price is at 1.0952. There is pressure on both buyers and sellers to make a decision. If buyers can push past the swing level, prices may rise further, targeting the range of 1.1001 to 1.1014. On the other hand, if sellers act effectively, they may aim to drive prices lower, challenging the 100-hour and 200-hour moving averages. Overall, buyers seem to have the upper hand at this moment. For sellers to gain more confidence, the price needs to fall below the key moving averages.