EURUSD Technical Analysis: The EUR/USD pair is trading in a bearish trend today, with a noticeable decline in the strength of this trend. The pair recorded its highest price so far at 1.0896 and the lowest price at 1.0873, and is currently trading at 1.0892. These movements indicate the presence of selling pressure, but prices are showing some stability in a narrow range.
EURUSD Technical Analysis Technical Analysis:
Looking at the technical indicators, we find that prices are trading below the moving averages, which supports the downward trend. The MACD indicator is also showing a negative trend with weak seller pressure, which reflects a state of caution in the market.
Trading Expectations:
We expect the pair to continue trading within the bearish range, with the possibility of testing the support levels at 1.0873. In the event of any rebound, we may see tests of the higher levels at 1.0900.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.0914 | 1.0880 | Entry point |
| First resistance: 1.0927 | First support: 1.0863 | Target Point 1 (TP1) |
| Second resistance: 1.0940 | Second support: 1.0835 | Target Point 2 (TP2) |
| 1.0880 | 1.0914 | Stop Loss (SL) |
The overall outlook for the EUR/USD pair remains bearish, with sellers still facing challenges. Traders should carefully monitor technical indicators, especially as signs of weakening market pressure emerge. It is important for traders to remain ready to react to any sudden changes in the trend.
