EUR/USD
The EUR/USD daily chart continues to respect its broader downtrend, with price action failing to sustain bullish momentum. The pair is currently trading around 1.031, struggling to hold above key support levels. The moving averages (50 EMA - orange & 200 EMA - red) remain bearish, indicating that sellers are still in control.
The MACD indicator reflects weakening bullish momentum, as the MACD line is crossing below the signal line, which could confirm a continuation of the downward move. Additionally, the RSI (Relative Strength Index) at 43.13 suggests that the market is still in bearish territory but not yet oversold.
A break below 1.0300 could accelerate losses toward the psychological level of 1.0000, while any short-term bullish reaction is likely to face resistance at 1.0395 - 1.0440. Until we see a clear breakout or trend reversal, the bias remains bearish, with sellers looking to dominate below key resistance levels.
The MACD indicator reflects weakening bullish momentum, as the MACD line is crossing below the signal line, which could confirm a continuation of the downward move. Additionally, the RSI (Relative Strength Index) at 43.13 suggests that the market is still in bearish territory but not yet oversold.
A break below 1.0300 could accelerate losses toward the psychological level of 1.0000, while any short-term bullish reaction is likely to face resistance at 1.0395 - 1.0440. Until we see a clear breakout or trend reversal, the bias remains bearish, with sellers looking to dominate below key resistance levels.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.