EURUSD NEXT POSSIBLE MOVE

12 hours ago

EURUSD
Here’s a detailed description for today’s extended bearish view in EUR/USD:

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### **Title**
*"EUR/USD Intraday Outlook: Persistent Selling Pressure | Dollar Strength Dominates"*

#### **Market Context**
*"EUR/USD continues its downward trajectory as bearish momentum prevails for another session. A resilient U.S. dollar, driven by expectations of a hawkish Federal Reserve, maintains pressure on the pair. Weak Eurozone sentiment further exacerbates the downside bias."*

#### **Technical Analysis**
*"Today's sell view is backed by technical indicators:
- **Trend Structure**: Consistent lower highs and lower lows reinforce the ongoing downtrend.
- **EMA Analysis**: The price remains firmly below the 20 and 50 EMAs, signaling sustained selling pressure.
- **RSI**: Hovering near 40, confirming bearish momentum.
- **MACD**: Negative histogram bars continue to widen, highlighting increased downside strength.

**Key Levels**:
- **Support**: 1.0520 (immediate), 1.0500 (critical level).
- **Resistance**: 1.0560 (intraday), 1.0585 (key level). A move above 1.0585 would challenge the bearish bias."*

#### **News Context**
*"Upcoming: U.S. ISM Services PMI and Eurozone Retail Sales could influence intraday moves.
Previous: The dollar continues to benefit from upbeat U.S. data and hawkish Federal Reserve commentary."*

#### **Call to Action**
*"Will EUR/USD extend its losses and test critical support levels, or could buyers stage a recovery? Share your analysis and trade setups below!"*