From TradingView · · 50s
EURUSD: Sellers in Control
EURUSD sellers hold short-term advantage as price drops below EMA lines.
In brief
EURUSD sellers hold short-term advantage as price drops below EMA lines. EURUSD price fell below EMA lines after failing to hold 1.1230-1.1240 resistance, signaling short-term bearish trend. Originally reported by TradingView.
EURUSD Trend Analysis
EURUSD price dropped sharply from 1.1260 level and is trading below all EMA lines on H1 chart.
Sellers in Control
Price fell below 1.1230-1.1240 resistance zone after failing to sustain upward momentum.
Market Pressure
Euro under pressure from political instability in France and public finance concerns while US Dollar remains stable.
Sell Zones
1.1230-1.1240: Recent rejection zone where price fails to close above resistance.
Buy Zone
1.1160-1.1170: Demand zone that triggers bullish reactions but risks falling knife.
The headline
EURUSD price fell below EMA lines after failing to hold 1.1230-1.1240 resistance, signaling short-term bearish trend.
