The high today stalled comfortably below that 50% midpoint (the high reached 1.09878 vs 50% at 1.09946). On the downside, the EURUSD price has seen modest dips below a swing area between 1.09576 and 1.09675, but remains above the 61.8% at 1.09499. Getting below those levels and staying below would increase the bearish bias.
On the downside, the 1.0925 level followed by the 1.0899 level would be targets on a break.
On the topside a move above the 50% retracement and the broken trendline near 1.1000 would give the buyers more confidence for a potential move toward the 200 hour moving average once again at 1.1039 area.