FX.co ★ berta.hill | EUR/USD

Simple Moving Average Technical Analysis on the EurUsd market pair on Friday, July 31, 2026 The US Dollar weakened again against the Euro traded on the EurUsd market pair on Thursday, even though at first the price movement was controlled by sellers pushing it down in a bearish move, but it still failed to break below the buyers’ support at 1.1438-1.1439. This level was reinforced by buyers after they managed to intervene in the EurUsd market pair and eventually dominated trading, driving the price higher in a stronger bullish move and increasing bullish pressure, which sent the price soaring further. Observed on the Daily timeframe using Moving Average technicals, the EurUsd market pair still appears to be under buyers’ control, who continue to outperform sellers by pushing the price higher in a bullish move, breaking above the Red 50 MA located at 1.1484. This is supported by the formation of a strong bullish candlestick, indicating that today’s trading can still continue to rise further in a bullish trend. Buyers are expected to keep entering more aggressively to maintain control and push the price higher in a bullish move to reach and test the Blue 100 MA area at 1.1569. If later the buyers’ pressure successfully breaks strongly above the Blue 100 MA area, it will open up further bullish potential with the next target at the Yellow 200 MA area at 1.1628. If it fails to break above the Blue 100 MA area, then the price may fall back into a bearish move. Trading on Friday morning in the Asian session appears to be successfully controlled by sellers, who continue to dominate trading over buyers by pressing the EurUsd pair lower in a bearish move, targeting a drop toward the nearest buyers’ support area at 1.1460-1.1459. If this support area can be broken strongly by sellers, the price will fall deeper into a stronger bearish move with the next target toward the following buyers’ support area at 1.1396-1.1395. However, if buyers are able to hold back the sellers’ bearish momentum at this nearest support, then the price has the potential to rise in a bullish move, targeting the nearest sellers’ resistance area at 1.1562-1.1563. If the buyers’ bullish pressure manages to break above this sellers’ resistance area, then the EurUsd pair price will soar further toward the next sellers’ resistance area at 1.1600-1.1601.