Selling pressure pushes euro vs dollar price lower in today's trading

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Euro vs dollar slides 0.57% today

Highlights

EUR/USD remains under strong bearish pressure, trading below key moving averages across all timeframes.
All major momentum indicators signal further downside, with no evidence yet of a reversal or oversold bounce.
Near-term trading is likely confined to the $1.1642–$1.1654 range, with a break below $1.1550 signaling deeper losses.

Anton Kharitonov, expert at Traders Union, sees the EUR/USD pair under heavy selling pressure, with price action anchored below key moving averages. He notes that every timeframe signals persistent bearishness, and momentum indicators do not hint at any meaningful reversal. No supportive news flow adds to the pair’s vulnerability, exposing it to further downside. Kharitonov warns that a decisive break under $1.1550 could accelerate losses. He concludes, "Traders should maintain a defensive posture and avoid catching falling knives until the technical momentum reverses."

Viktoras Karapetjanc, expert at Traders Union, believes the current technical weakness is a potential setup for reversal opportunities. He emphasizes that although no fundamental catalysts are present, the oversold readings and moderate intraday volatility can attract fresh flows in coming sessions. Karapetjanc remains constructive, highlighting the chance for bullish setups if $1.1703 is cleared. He affirms, "The market offers multiple opportunities — I expect further growth once short-term resistance gives way."

Parshwa Turakhiya, analyst, sees EUR/USD sentiment skewed toward persistent weakness as sellers dominate after the open. Technical signals confirm the downtrend, but short-term setups may emerge if volatility increases near $1.1550. With no fresh news to drive a change, Turakhiya suggests focusing on tactical trades amid the narrow range. He states, "Intraday players should lean short but watch for a quick bounce if oversold levels deepen further."

Bearish trend confirmed as indicators and resistance cap rallies

The EUR/USD is trading well below its SMA-20 at $1.1713, SMA-50 at $1.1791, and SMA-200 at $1.1695. This alignment of moving averages confirms persistent bearish pressure across short-, medium-, and long-term horizons, with Ichimoku Kijun at $1.1703 acting as the nearest dynamic resistance. Momentum indications on the daily chart remain bearish, with MACD pointing to selling and ADX at 25.38 reinforcing a developing trend. RSI, Stoch RSI, and CCI are all weak, tilting toward oversold but without clear reversal signals, while BBP and AO both reflect persistent dominance of sellers. The pair is down 0.57% on the session, having opened above the previous close and slipping toward the day’s low at $1.1550, with current price nearly at today’s lower extreme. Intraday volatility is moderate, and price action suggests continued pressure after the open. Oscillators and momentum indicators both align lower, strengthening the case for sustained downside in the near term.

Last time, analysts noted that EUR/USD is entrenched in a strong downtrend, trading well below its primary moving averages with key momentum indicators (MACD, ADX, RSI, and CCI) confirming bearish pressure and persistent oversold conditions. Immediate resistance is identified near $1.1703 while support sits at $1.15, and the pair is expected to remain capped below resistance with downside risks dominating in the near term.

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

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