EUR/USD trades flat as oversold RSI highlights seller dominance

Traders Union
All News
Currency
Euro vs Dollar slides 0.49% today

Highlights

EUR/USD trades below all key moving averages, confirming sustained downward pressure across short, medium and long-term horizons.
Bearish momentum persists with oversold momentum indicators and seller strength according to MACD, ADX, Stoch RSI, and CCI.
Price is at $1.1157, down 0.49% for the day, with a projected trading range of $1.1101 to $1.1213 and a 79% probability of further downside.

Seller momentum dominates as oversold pressures intensify

On the technical front, EUR/USD trades below its MA-20 at $1.119 and MA-50 at $1.1202 on the hourly chart, while the longer-term MA-200 sits at $1.1553. Immediate resistance is now defined by the Ichimoku Kijun at $1.1186. Momentum tools show both MACD and ADX confirm ongoing selling strength. RSI is at 28.4, indicating a sell signal, with both Stoch RSI and CCI entering oversold territory. Bull/Bear Power signals clear seller dominance and the Awesome Oscillator trend remains negative, supporting the current technical bias.

Downside favored as narrow range limits bullish rebound

Looking to the next trading day, EUR/USD is expected to trade within the $1.1101 to $1.1213 range, based on typical volatility. Downside continuation is the most likely scenario, with a 79% probability versus a 21% chance of a rebound. The baseline projection sees the pair remaining range-bound unless a decisive break above resistance leads to a bullish reversal, or a drop through support initiates further declines.

Viktoras Karapetjanc, analyst at Traders Union, believes EUR/USD is under moderate pressure as momentum remains with sellers. He notes that persistent negative signals from technical tools and the pair’s position below key averages reinforce the downside bias. With oversold readings growing, Karapetjanc still sees limited scope for an immediate rebound. In his words: "Downward momentum has the upper hand for now, but I remain open to bullish opportunities if resistance is reclaimed soon."

Earlier, analysts noted that the EUR/USD pair faced sustained technical selling pressure, with trends indicating ongoing bearish momentum across major timeframes. The current analysis reinforces this view with fresh evidence of persistent downside strength, suggesting traders should closely monitor for a potential break below near-term support as further losses cannot be ruled out.

Source of Data: EUR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.