FX.co ★ KHALISA | EUR/USD

EUR/USD M30 Analysis – Bears Retain Market Control After Key Support Breakdown Market Overview The euro remained under heavy selling pressure as bearish traders successfully extended the downward move and reinforced their dominance in the market. Following the recent decline, sellers continue to push for additional losses, aiming to strengthen the current trend. A significant technical development has been the break below the 1.14418 support zone. The market's ability to remain below this level will be crucial in determining whether the bearish momentum can continue toward lower targets. Technical Analysis Bearish Scenario The recent breach of 1.14418 has improved the outlook for sellers. If the pair remains firmly below this support level, further downside movement is likely. Downside Targets: 1.14084 – First bearish objective 1.13907 – Secondary target if selling pressure persists A sustained close beneath these levels would confirm the continuation of the prevailing downtrend. Bullish Scenario Although the market structure currently favors sellers, buyers still have an opportunity to regain momentum if they can reclaim a key resistance area. For a bullish recovery to develop, EUR/USD must: Break above 1.14640 Establish stable trading above that level Upside Targets: 1.14871 – Initial bullish target 1.15278 – Extended recovery objective Until these resistance levels are overcome, bullish movements should be treated cautiously. M30 Timeframe Assessment Previous Trade Performance The earlier short-selling setup delivered the expected outcome. Key observations: The projected sell trigger at 1.15063 was eventually broken after a second test. Price successfully achieved the first projected target. The decline then continued toward the second objective at 1.14996. This confirms that bearish momentum remained effective throughout the session. Band Analysis Current volatility band behavior continues to support the bearish outlook. Important signals include: Price is closely tracking the lower band. - The upper and lower bands are widening outward. Expanding bands typically indicate strengthening trend momentum. As long as this structure remains intact, the probability of additional downside movement stays elevated. Awesome Oscillator (AO) Analysis The AO indicator remains below the zero line and continues to expand in negative territory. Key points: Bearish momentum is still increasing. No clear momentum peak has formed yet. This suggests that sellers may continue to dominate in the short term. A move above the zero level combined with growing positive momentum would be the first indication of a potential bullish reversal. Potential Trading Setups Sell Opportunity A bearish entry may be considered around 1.14248. Downside Objectives: 1.14018 - 1.13371 A confirmed breakout and sustained trading below the entry level would strengthen the bearish continuation scenario. Buy Opportunity A potential long position could be considered near 1.14412 if bullish confirmation appears. Upside Objectives: 1.14547 1.14638 Buyers should wait for a successful breakout and consolidation before targeting these resistance levels. Support & Resistance Levels Support 1.14418 1.14084 1.13907 1.13371 Resistance 1.14547 1.14638 1.14640 1.14871 1.15278 Trading Recommendation The short-term technical picture remains tilted in favor of sellers. Price action below the recently broken support level, combined with expanding volatility bands and a negative AO reading, suggests that bearish momentum is still dominant. Traders should closely monitor the behavior around the highlighted breakout levels and seek confirmation before entering the market. While recovery attempts remain possible, the current technical structure continues to favor downside opportunities.