{"id":94427,"date":"2025-10-23T20:53:09","date_gmt":"2025-10-23T13:53:09","guid":{"rendered":"https:\/\/pediafx.com\/en\/selling-pressure-eases-eurusd-set-to-recover-from-key-support-area\/"},"modified":"2025-10-23T20:53:09","modified_gmt":"2025-10-23T13:53:09","slug":"selling-pressure-eases-eurusd-set-to-recover-from-key-support-area","status":"publish","type":"post","link":"https:\/\/pediafx.com\/en\/selling-pressure-eases-eurusd-set-to-recover-from-key-support-area\/","title":{"rendered":"Selling Pressure Eases, EURUSD Set to Recover from Key Support Area"},"content":{"rendered":"<p>EURUSD is beginning to display signs of recovery as the price has successfully <em>bounced back<\/em> from the lower range of the Bollinger Bands (BB), indicating a reduction in selling pressure. The zigzag pattern establishing a new low has halted, strengthening the notion that the <em>bearish<\/em> momentum is waning. Furthermore, the emergence of a <em>double<\/em> <em>bottom<\/em> pattern on the hourly chart provides an additional technical signal that a reversal may be in formation. This situation suggests an increasing buying interest around the key <em>support<\/em> zone.<\/p>\n<p>With this combination of signals, EURUSD has the potential to continue rising and challenge nearby resistance levels in the near term. If buying pressure persists, this currency pair could extend its gains to higher levels. However, should it fail to breach the resistance area, a consolidation phase may occur before a clearer trend direction establishes itself. Overall, the technical bias remains cautiously optimistic as long as the price stays above the newly formed double bottom.<\/p>\n<p><\/p>\n<p><img decoding=\"async\" alt=\"\" class=\"fr-fic fr-dib\" src=\"http:\/\/pediafx.com\/wp-content\/uploads\/2025\/10\/eurusd.mm15_as_23-10-25-1.png\" style=\"width: 100%;\" title=\"\"\/><\/p>\n<p><\/p>\n<p>EURUSD has begun to signal strengthening after breaking through the resistance area within a bearish channel on a 15-minute timeframe. The recent upward trend in the Moving Average (MA) reinforces the indication that a bullish momentum is starting to take shape. With support from these technical signals, EURUSD stands a chance to continue its ascent shortly and may test the resistance level around 1.16325.<\/p>\n<p><strong>Technical Reference: <em>buy<\/em> above 1.15780<\/strong><br \/><strong>Potential <em>Take Profit<\/em> 1: 1.16200<\/strong><br \/><strong>Potential <em>Take Profit<\/em> 2: 1.16325<\/strong><br \/><strong>Potential <em>Stop Loss<\/em> 1: 1.15880<\/strong><br \/><strong>Potential <em>Stop Loss<\/em> 2: 1.15780<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EURUSD is beginning to display signs of recovery as the price has successfully bounced back from the lower range of the Bollinger Bands (BB), indicating a reduction in selling pressure. The zigzag pattern establishing a new low has halted, strengthening the notion that the bearish momentum is waning. Furthermore, the emergence of a double bottom [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":94425,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142,5173],"tags":[5174],"class_list":["post-94427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trading-analysis","tag-eurusd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Selling Pressure Eases, EURUSD Set to Recover from Key Support Area - PediaFX - Your Trusted Global Online Broker Review Service - Top-Rated Forex Brokers 2024<\/title>\n<meta name=\"description\" content=\"Discover PediaFX: Your trusted platform for honest and unbiased global broker reviews. 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