EURUSD Technical Analysis: The EUR/USD pair continues to decline, as downward pressures persist despite some signs of weakness in this direction. At the beginning of the day, the pair achieved a high of 1.0916 and a low of 1.0882, and is currently trading around 1.0900.
EURUSD Technical Analysis: Price Developments
Prices are currently under clear pressure, as technical indicators reflect further bearishness. Despite achieving some gains during the day, price action indicates continued pressures.
Technical Analysis:
- Moving Averages: Prices are trading below the moving averages, which reinforces the negative outlook for the current trend.
- MACD Indicator: The indicator shows a negative trend, but there is some decline in selling strength, which may indicate the possibility of a temporary correction or rebound.
Expected Trading Today:
We expect the pair to continue to fluctuate within the current range, with the possibility of testing the support levels at 1.0882. There may be a chance for a rebound towards the resistance at 1.0916, but any signs of a change in direction should be monitored.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.0935 | 1.0882 | Entry point |
| First resistance: 1.0954 | First support: 1.0858 | Target Point 1 (TP1) |
| Second resistance: 1.0970 | Second support: 1.0838 | Target Point 2 (TP2) |
| 1.0882 | 1.0935 | Stop Loss (SL) |
The trend remains bearish, but it is important to monitor technical indicators for any signals that may indicate a change in trend. We recommend being cautious and focusing on key support and resistance points during today’s trading session.
