The pair corrects higher but momentum is contained
The EURUSD is higher on the day today. The pair closed at 1.19475, near the low at 1.1937.
That did happen but the 200 day MA, and a topside trend line did stall the rally near the 1.2011 (the high reached 1.20085). Since then, the price has kept an intraday lid against the falling trend line on the hourly chart. That level comes in at 1.1989 currently.
Both that trend line and the 200 day MA remain key levels for the bullish/bearish bias. Stay below keeps the sellers in control. Move above (and stay above) and the bearish waters start to get more muddy.
PS, there is another trend line and the 100 hour MA at 1.20344, and the swing low at 1.20539. That level is also the broken 50% of the move up from the November 2017 low (see daily chart below).