EUR/USD is currently fluctuating around the 1.1300 level. After temporarily falling to around 1.1260, the pair has shown signs of a rebound. However, it still remains below major moving averages, indicating a prevailing bearish sentiment. Technical indicators such as ADX, DMI, and trading volume collectively suggest a dominant selling pressure, although signs of short-term recovery are also emerging.
The 50-hour MA (blue) and 200-hour MA (red) are both trending downward, confirming a sustained downtrend. The price remains below both lines and faces resistance around 1.13080, making upward movement difficult. These MAs serve as dynamic resistance levels, adding pressure on price recovery.
The ADX (yellow line) is currently around 0.15–0.16, indicating the early stage of a new trend. A rise above 0.20 may confirm a strong trend. Meanwhile, the –DI (red) remains above the +DI (green), indicating stronger selling pressure. If the price fails to break above 1.13080 again, sellers may regain dominance.
Volume spiked as the price broke below 1.1280, indicating strong selling activity. Volume-backed moves often confirm trend strength. If the price fails to surpass 1.13080 again, a deeper decline is likely.
※Image Source: cTrader platform
Bearish Scenario (Downtrend Continuation)
Entry: Short below 1.1280
Target: 1.1250–1.1220
Stop Loss: Above 1.1310
Bullish Scenario (Short-Term Rebound)
Entry: Long near 1.1280 after confirmation
Target: Around 1.1330
Stop Loss: Below 1.1260
EUR/USD shows signs of continued downtrend, though short-term rebound is possible. Moving averages and volume support a bearish outlook. A trend-following short strategy is preferred, but a rebound above 1.13080 may justify a temporary long position.
This article is for informational purposes only and does not constitute financial advice. Please make investment decisions at your own risk.
For more FX insights and analysis, visit the FIXIO Blog.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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