![EUR/USD Technical Analysis: Testing the 100-Day MA on a Rebound](https://marketsgonewild.com/wp-content/uploads/2024/12/EURUSD-Technical-Analysis-Testing-the-100-Day-MA-on-a-Rebound-600x400.jpg)
EUR/USD Technical Analysis: Testing the 100-Day MA on a Rebound
In the European session, EURUSD saw a downward trend, notably breaking below its 100-day moving average (MA) at 1.0857. The decline continued until the currency pair reached and tested significant support levels—the 200-day MA and the 50% midpoint of its rise from the February low, both situated at 1.08374. Today’s low went just below this…