EURUSD bounce after failing on the dip - ConsultFX

EURUSD bounce after failing on the dip

Breaks below 200 and 100 hour MA and then 50% all fail.  Clue from 5-minute chart? Earlier in the day, the price of the EURUSD cracked below the 200 hour MA (green line). Bearish. It then cracked the 100 hour MA (blue line). Bearish. And finally the price fell below the 50% retracement. Bearish.