EURUSD Technical Analysis: The EUR/USD pair continues to trade in a bearish trend during today’s session, with clear signs of sideways trading. The pair recorded its highest level so far at 1.04366 and its lowest level at 1.04169, to currently trade at 1.04274.
EURUSD Technical Analysis: Technical Analysis
Technically, the pair is trading below the main moving averages, indicating the continuation of negative pressure on the pair and its achievement of a bearish trend in the short term. At the same time, the MACD indicator continues to show a weak negative signal, reflecting the weakness of the bearish momentum but without a strong reversal in the trend so far.
Trading Expectations:
The pair is expected to continue moving within a sideways trading range below the moving averages.
with the possibility of continuing the downward trend in case the negative pressure from the market continues. MACD developments and price movements should be monitored to ensure the continuation of the negative momentum or any potential reversal.
Trading strategies based on Buy/Sell levels
| EURUSD | In case of buying | in case of selling |
| Entry point | 1.04479 | 1.04071 |
| Target Point 1 (TP1) | First resistance: 1.04647 | First support: 1.03818 |
| Target Point 2 (TP2) | Second resistance: 1.04721 | Second support: 1.03651 |
| Stop Loss (SL) | 1.04071 | 1.04479 |
Based on the current data, it can be said that the EUR/USD pair is in a trading phase under negative pressure.
with the downward trend likely to continue in the short term. It is necessary to follow the developments in technical indicators to identify the best opportunities for making trades under these conditions.
