EURUSD Technical Analysis: The EUR/USD pair is trading in a bearish trend during today’s session, as it shows continuous selling pressure, reflecting the strength of the negative trend in the market. It is noted that the pair recorded its highest price today at 1.0553 and its lowest price at 1.0511, to currently trade at 1.0536.
EURUSD Technical Analysis: Price Analysis
The pair is trading below the moving averages, indicating continued negative pressure on the pair. The price presence below the moving averages indicates a weakness in the buying momentum and supports the continuation of the downward trend in the short term. This condition is consistent with the negative expectations in the short term.
as the price behavior indicates a continuous decline in prices.
Technical Analysis Using Technical Indicators
- Moving Averages: Trading prices below the moving averages reflects the negative pressure that the pair is suffering from, which reinforces the hypothesis of the continuation of the downward movement.
- MACD Indicator: The MACD indicator shows a clear negative trend, as it continues the downward momentum, and reflects a bearish intersection between the two lines. This crossover indicates that selling pressure is likely to continue in the near future, with the strength of the downside confirming the possibility of further price declines.
Today’s Trading Outlook
In light of the current technical analysis, the EUR/USD pair is expected to continue its downtrend, with the possibility of testing the support levels at 1.0511. If the pair fails to rebound from these levels, we may see further declines towards lower support levels.
Trading strategies based on Buy/Sell levels
| EURUSD | In case of buying | in case of selling |
| Entry point | 1.0559 | 1.0521 |
| Target Point 1 (TP1) | First resistance: 1.0573 | First support: 1.0500 |
| Target Point 2 (TP2) | Second resistance: 1.0588 | Second support: 1.0481 |
| Stop Loss (SL) | 1.0521 | 1.0559 |
The EUR/USD pair is showing clear signs of a downtrend, supported by technical indicators such as moving averages and MACD. The market outlook remains negative in the short term, and prices are expected to continue falling unless there are major shifts in economic or technical factors.
