The EURUSD pair is increasingly experiencing bearish pressure after successfully breaking below the bullish channel, indicating that the previous upward momentum has weakened. This breakout has been further confirmed by price movements dropping below the Bollinger Bands, which signals high volatility and the possibility of further declines.
Moreover, technical indicators such as Moving Average (MA) and MACD are also indicating negative signals, with prices moving under the MA and the MACD line diverging farther from the signal line. This situation reflects a dominant selling pressure, creating opportunities for the EURUSD to continue its downward trend.
Recommended
Recommended
Recommended
Recommended
On the 15-minute timeframe, the EURUSD is displaying increasing bearish pressure after the Moving Average (MA) and MACD confirm the downtrend. Prices are positioned below the MA, indicating a weakening short-term trend, while the MACD is showcasing a bearish crossover, with the MACD line falling below the signal line. This signal indicates that selling momentum is strengthening, opening the door for EURUSD to continue its decline towards the support level of 1.03495.
Technical Reference: sell while below 1.04360
Potential Stop Loss 1: 1.04190
Potential Stop Loss 2: 1.04360
Potential Take Profit 1: 1.03625
Potential Take Profit 2: 1.03495
