EURUSD Next possible move

13 thg 12

EURUSD
Title
"EUR/USD Intraday Analysis: Sell Entry Targets Lower Levels | Dollar Strengthens"

Market Context
"EUR/USD faces renewed selling pressure as the U.S. dollar strengthens on hawkish Federal Reserve expectations. Weak Eurozone sentiment adds to the pair's downside bias."

Technical Analysis
*"Today’s sell entry is supported by the following:

Trend Structure: Persistent lower highs and lower lows signal a prevailing downtrend.
EMA Dynamics: Price remains below the 20 and 50 EMAs, highlighting continued bearish momentum.
RSI: Falling below 45, indicating growing selling pressure.
MACD: Negative histogram bars are widening, confirming the bearish tone.
Key Levels:

Support: 1.0490 (intraday), 1.0460 (next target).
Resistance: 1.0525 (intraday), 1.0550 (key pivot). A break above 1.0550 could neutralize bearish sentiment."*
News Context
"Upcoming: U.S. ISM Services PMI and Eurozone economic reports could drive intraday volatility.
Previous: Strong U.S. labor market data reinforced expectations for tighter monetary policy, keeping the dollar supported."

Call to Action
"Will EUR/USD break below key support levels, or can buyers reclaim control? Share your insights and strategies in the comments!"