EURUSD Next possible moveSAXO:EURUSD
Title
"EUR/USD Today’s Sell View: Bears Extend Control | Dollar Dominance"
Market Context
"The EUR/USD pair continues its decline, pressured by a strengthening U.S. dollar as hawkish Fed expectations dominate market sentiment. Weak Eurozone data and cautious risk appetite further fuel the bearish narrative."
Technical Analysis
*"Today’s bearish outlook is reinforced by key technical indicators:
Trend Structure: Clear pattern of lower highs and lower lows aligns with sustained bearish momentum.
EMA Positioning: Price trades below the 20, 50, and 100 EMAs, confirming the downtrend.
RSI: Below 40, signaling strong selling pressure.
MACD: Bearish crossover with widening negative histogram bars, emphasizing the downward trend.
Key Levels:
Support: 1.0550 (immediate), 1.0520 (critical level).
Resistance: 1.0585 (intraday), 1.0610 (key pivot). A break above 1.0610 may pause the sell-off."*
News Context
"Upcoming: U.S. Consumer Confidence and Eurozone Retail Sales are key intraday catalysts.
Previous: Hawkish Fed comments and resilient U.S. data boosted dollar strength."
Call to Action
"Will EUR/USD maintain its sell-off, or will buyers step in at critical support levels? Share your perspectives and trade setups!"