FX.co ★ castlevania | EUR/USD

EURUSD Daily Technical Analysis The EUR/USD chart shows a recent change in momentum. Prices were previously rising but have now started to fall. Several red candles indicate strong downward pressure. A key support level has been tested and the price is fluctuating around it. A break below this level would indicate further declines. Buyers need to take back control and take steps to push prices higher. The moving averages indicate weakness. The price is moving below the moving averages, confirming that the downtrend is ongoing. If the price breaks below these levels, sellers will remain in control. A break above the moving averages signals a possible reversal. For now, pessimism remains dominant. Indicators confirm market weakness. The RSI is near the 45 level, indicating a bearish trend. A break below 40 will increase selling pressure. An RSI above 50 could signal a recovery. The Stochastic Oscillator is in oversold territory. This indicates that prices may rise in the near future. However, if approval is not received, the downward trend is expected to continue. Sales volume indicates selling power. The recent decline is accompanied by an increase in trading volume, which confirms a strong downtrend. If prices continue to fall to higher levels, sellers will remain in control. Rising prices despite low trading volume indicate low buying pressure. Increasing volume during a reversal signals a possible trend reversal. Key support is at the recent low. If this level holds, prices may rise or recover. A break below this level could trigger further selling pressure. Resistance is near the recent highs. This level will act as a barrier in case the price continues to rise. If the resistance level is broken, the trend will return to an uptrend. The market structure calls for caution. Price volatility indicates uncertainty. Although the downtrend is strong, oversold conditions could lead to a correction. Traders should pay attention to key level signals. Confirmation is a must before making any trading decisions. Risk management remains important. Short selling should be stopped when the price breaks above the last resistance level. To reduce risk, stop orders on long positions should be placed below major support levels. Taking a certain level of partial profit helps to ensure profits. Registration without confirmation can cause unnecessary losses. Patience is very important in this market. If the price is stable, an exit strategy may be wise. When volatility increases, short-term trading may be more effective. Investors should adapt to market conditions. Tracking indicators can help you identify possible changes in the trend. The overall outlook is still unclear. Prices have reached crisis levels. If sellers remain in control, the decline should continue. If buyers enter the market, a short-term recovery is expected. When operating in this market, it is important to remain flexible and adjust your strategy accordingly.