Buying pressure lifts euro vs dollar price higher in today's trading

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Euro vs dollar rises 0.52% today

Highlights

EUR/USD remains under seller control, trading below major moving averages across short, medium, and long-term periods.
Bearish momentum dominates as multiple indicators signal downside pressure, but some oscillators reflect an oversold, potentially exhausted, near-term state.
Price is expected to trade sideways between $1.1408 and $1.1642 over the next five days, with a pronounced risk of further declines.

Anton Kharitonov, expert at Traders Union, identifies clear seller control as EUR/USD remains below major moving averages. He sees dominant bearish momentum, with technical indicators like MACD and ADX supporting the view. Oversold readings from RSI and CCI hint at short-term exhaustion but do not invalidate the prevailing downtrend. Absence of supportive news flows limits any case for a bullish recovery. "Without new positive catalysts, I expect continued pressure on the euro and no meaningful upside."

Viktoras Karapetjanc, expert at Traders Union, points out recent euro strength after the open and sees opportunity in the price’s ability to hold above $1.1408 support. He notes that oversold momentum readings could spark a technical rebound if resistance near $1.1638 is overcome. Despite absent news, he believes underlying market structure leaves room for a reversal. "Bullish setups are still possible here — further growth should be expected if buyers defend current lows."

Bearish momentum dominates as technical support limits decline

At 1.1483, EUR/USD trades below the SMA-20 (1.1638), SMA-50 (1.1763), and SMA-200 (1.1691), indicating clear pressure from sellers in the short, medium, and long-term outlooks. The closest dynamic support sits near 1.1408 (HMA D1), while resistance is found at 1.1638 (SMA-20) and 1.1621 (Ichimoku Kijun).

Momentum signals on the D1 chart are mostly bearish, with ADX and MACD both signaling downside pressure. RSI stands at 27.67 and CCI signals oversold at –137.35, while Stoch RSI is neutral, reflecting possible exhaustion among sellers. BBP remains negative, suggesting sellers dominate intraday moves. AO also supports the bearish view. Today’s price opened with a noticeable gap up from the previous close, with current levels near today’s high and volatility described as moderate. The euro shows strength toward highs after the open, but there is a divergence among oscillators as some short-term signals reflect oversold conditions despite overall bearish momentum.

Earlier, analysts noted that euro-dollar momentum remained firmly bearish against the backdrop of persistent selling pressure. With new evidence showing oversold conditions and moderate volatility despite a gap up at the open, traders should be alert for potential volatility spikes around the $1.1408 support, which could define the next significant directional move.

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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