EURUSD fell sharply on Wednesday after hit the year high 1.1700 level. This proved that market still weak.
see on the chart :
– EURUSD backed below EMA200 and SMA200 again after breaking above it.
– SMA100, EMA50 and SMA50 converge at around 1.1100 level.(Convergent point) : This proved this is a strong support.