{"id":437138,"date":"2026-08-28T23:23:44","date_gmt":"2026-08-28T16:23:44","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurusd-moves-to-new-lows-and-tests-a-key-cluster-of-technical-levels-437138\/"},"modified":"2026-08-28T23:23:44","modified_gmt":"2026-08-28T16:23:44","slug":"eurusd-moves-to-new-lows-and-tests-a-key-cluster-of-technical-levels","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurusd-moves-to-new-lows-and-tests-a-key-cluster-of-technical-levels-437138\/","title":{"rendered":"EURUSD moves to new lows and tests a key cluster of technical levels"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">The EURUSD has moved sharply lower as the market digests a more hawkish message from Fed Chair Kevin Warsh. The probability of a Fed rate hike has climbed to around 60%, up from the low-30% range earlier this week. That repricing has pushed U.S. yields and the dollar higher, sending the EURUSD toward a key cluster of technical support.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">\n<p>Earlier, the pair found willing sellers below its 100- and 200-hour moving averages. The subsequent break below the 200-day moving average, currently near 1.1630, added to the bearish technical bias and opened the door for the move toward the next downside targets.<\/p>\n<p>The price is now testing a swing area between 1.15937 and 1.15872. Just below that zone sits the 38.2% retracement of the rally from the July low at 1.15733, along with the rising 100-day moving average near 1.1570. Together, those levels form an important cluster of support.<\/p>\n<p>This is where buyers need to show up if they are going to slow the decline. Holding the cluster could lead to a corrective rotation back toward 1.16215 and the 200-day moving average at 1.16302. However, buyers would still need to reclaim the 100- and 200-hour moving averages near the 1.1655\u20131.1660 area to take back more meaningful control.<\/p>\n<p>Conversely, a sustained break below the 100-day moving average would increase the bearish bias and likely encourage additional selling. The next downside targets would come near 1.15578, followed by the 50% retracement at 1.15356.<\/p>\n<p>As the dollar moves higher,\u00a0not coincidentally, yields are moving higher with the two-year now up 10.31 basis points\u00a0to 4.335%.\u00a0 The 10 year yield up 5.2 basis points to 4.724%.\u00a0The major indices are all in negative territory with the NASDAQ 100 down -0.70%. The small-cap Russell 2000 is down -1.21% and 8 NASDAQ composite is down -0.44%.<\/p>\n<p>Overall, t&#8217;s he sellers remain in control, but the EURUSD has reached a technically important decision area. Buyers have a level against which they can lean and define risk. If that support fails, however, the downside door opens further. Be aware. Be prepared.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The EURUSD has moved sharply lower as the market digests a more hawkish message from Fed Chair Kevin Warsh. The probability of a Fed rate hike has climbed to around 60%, up&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437138","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437138"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437138\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}