Euro vs Dollar dips as sellers control the trend after another failed recovery

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Euro vs Dollar drops 0.53% today

Highlights

EUR/USD faces entrenched selling momentum, trading well below key moving averages on all major timeframes.
Technical indicators confirm a dominant bearish trend, with persistent negative momentum and oversold oscillator readings.
The pair will likely remain constrained between $1.15 and $1.17, with a strong probability of further downside unless resistance at $1.1703 breaks.

Bearish momentum entrenched as technical signals confirm downtrend

Momentum signals from the D1 chart remain negative, as both MACD and ADX maintain a sell bias and confirm a clear downward trend. Oscillators show bearish momentum with the RSI below 40, a negative CCI, and multi-period Stoch RSI readings in oversold territory. The Ichimoku Kijun level at $1.1703 acts as immediate resistance, while the BBP suggests tentative buyer interest with only a marginally positive value. BBP divergence remains unconfirmed by the Awesome Oscillator or other intraday indicators, and the current price remains near today’s low, reflecting persistent intraday volatility and a lack of material recovery after the open.

Downside risk persists as resistance caps short-term rebounds

For the short term, EUR/USD is expected to trade within a volatility band of $1.15 to $1.17. Daily and weekly momentum signals indicate a low probability (less than 20%) of a price increase, while further downside remains the dominant scenario. The baseline view envisions the pair remaining trapped below key resistance at $1.1703, with further losses likely if support at $1.15 is breached.

Viktoras Karapetjanc, expert at Traders Union, sees clear downward momentum for EUR/USD, with persistent selling pressure and no major news to shift sentiment. He notes that important resistance at $1.1703 is likely to cap any gains in the current macro landscape. The analyst believes that macro and sentiment factors continue to support a bearish outlook unless $1.15 support is decisively tested. "While odds favor further downside, I remain constructive — a sustained bounce is possible if $1.15 attracts buyers and broader sentiment turns."

Last time, analysts noted that EUR/USD trades under sustained bearish pressure, remaining below its key moving averages with momentum indicators such as MACD, RSI, and CCI highlighting continued seller control and oversold conditions. Immediate resistance lies near $1.1730, support is outlined at $1.1475, and the pair is expected to move sideways within this range as downside risk outweighs prospects for a rebound.

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.