The EURUSD is experiencing selling pressure tonight as the price failed to maintain its strength near the 反抗 level of 1.18040. The rejection at this level has triggered increased selling activity, which has become more apparent as we enter European trading this afternoon, indicating that the previous 看涨 momentum is losing steam, with sellers once again dominating price movements.
Technical signals further reinforce the bearish potential, starting with the formation of a bearish engulfing candle that suggests a short-term reversal. Moreover, the Moving Average showing a downward trend, the ZigZag pattern creating lower highs, and the MACD operating in negative territory provide additional confirmation that selling pressure remains significant in the near future.
This pressure has been confirmed as the EURUSD breaks out of the 看涨通道 and establishes a new lower low, marking a shift in market structure towards 看跌 conditions. With the clear dominance of 卖家 and weakening technical structure, the EURUSD is likely to continue its decline to test the 支持 area at 1.16830, as long as the price remains below the critical 反抗 区。
技术参考： 卖 while below 1.17540
潜在的 止损 1: 1.17400
潜在的 止损 2: 1.17540
潜在的 获利 1: 1.16950
潜在的 获利 2: 1.16830
