EURUSD Technical Analysis : The euro fell sharply against the US dollar today after strong statements from US Federal Reserve officials, who hinted at the possibility of continuing a tight policy if inflation shows no signs of declining.
Conversely, speeches from European Central Bank officials offered no new signals, maintaining pressure on the European currency.
Technical Indicator Analysis
Moving Averages
The price is below the 50, 100, and 200 moving averages.
All are bearish and are pressuring the price.
MACD
In the negative zone. Momentum remains bearish despite attempts to consolidate
Stochastic
Starting to rise from oversold areas.
May indicate a limited technical rebound.
Expected Scenarios
EURUSD Technical Analysis: Possible Scenarios
Bearish Scenario
Continued decline towards 1.1364 and then 1.1335.
Confirmation of the downward trend with a close below 1.1364.
Bullish Scenario
a technical rebound towards 1.1403 is possible if 1.1382 is surpassed. However, the trend will not change unless 1.1430 is broken and held above.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.14031 | 1.13641 | Entry point |
| First resistance: 1.14292 | First support: 1.13355 | Target Point 1 (TP1) |
| Second resistance 1.14553 | Second support 1.13052 | Target Point 2 (TP2) |
| 1.13641 | 1.14031 | Stop Loss (SL) |
The trend in EUR/USD has clearly turned bearish after failing to hold above 1.1430, with a break of key support levels and confirmed negative momentum.
Any current bounce is considered a selling opportunity, especially from the 1.1403 or 1.1420 areas.
Sell trades are recommended from any weak bounce, with a stop loss above 1.1430 and targets at 1.1364 – 1.1335.
