EUR/USD Slides to 1.1500 Support After Failing Near 100-Day MA

EUR/USD has retreated to session lows near the 1.1500 support level after an early Asia-Pacific rally stalled just below the key 100-day moving average at 1.15677. The pair peaked at 1.15581 before sellers regained control, marking a reversal of approximately 80 pips from the session high. The initial pullback found temporary support at the 38.2% Fibonacci retracement level of the decline from the April high, situated at 1.1524, but the subsequent bounce was capped by resistance at 1.15356—Thursday's session high. The failure to reclaim the 100-day moving average signals weakening bullish momentum, with the pair now testing the psychologically significant 1.1500 level. Traders should monitor this support zone closely, as a decisive break below could open the door to further downside toward the next Fibonacci retracement levels. Conversely, a sustained hold above 1.1500 and a renewed push past 1.15356 resistance would be needed to reignite bullish momentum toward the 100-day MA target.