FX.co ★ FX-Perfact | EUR/USD

EUR/USD Daily Timeframe: EUR/USD movement on the daily timeframe reflects a significant change in market structure after previously experiencing strong bearish pressure. Analysis using the 100-day Moving Average (MA100) and 200-day Moving Average (MA200), along with horizontal support and resistance lines, indicates that the price is currently in a transition phase toward a medium-term bullish trend. The 200-day MA, indicated by the red line, is still moving relatively slowly, indicating that the long-term trend has not fully reversed and remains in a neutral, bearish phase. However, the 100-day MA, marked by the blue line, is beginning to slope upward, reflecting increasing medium-term buying momentum. The current price movement, which has broken through and maintained above the 100-day MA, is an early indication that bullish pressure is beginning to take over market dominance after a downward phase that occurred from February to mid-March. From a price structure perspective, the main support area appears to be around 1.1400 to 1.1500, a strong demand zone where the price previously bottomed after a sharp decline. The price reaction in this area was quite significant, marked by the emergence of several candles with long lower tails, indicating resistance to selling pressure. Above it, there is minor support around 1.1640, which now has the potential to become a healthy pullback area if the price corrects in the near future.

Meanwhile, on the resistance side, the 1.1730 to 1.1790 levels are key zones currently being tested by the price. This area previously served as support, but was subsequently broken downwards, transforming into resistance based on the role reversal principle. Price movement approaching this level with strong bullish momentum opens the opportunity for a breakout. If the breakout is confirmed by a strong daily candle closing above this area, the next upside target could potentially be 1.1830 to 1.1920, which represents a significant supply area within the previous structure. In recent sessions, a higher low and higher high pattern has been observed, further strengthening the indication of a trend change from bearish to bullish. The sharp rise from the lower area to the current position also indicates aggressive buying accumulation. However, the price is already quite far from the 100-day moving average (MA), indicating the potential for a technical correction as a form of rebalancing before continuing the upward trend. Overall, as long as the price remains above the 100-day moving average (MA) and does not fall below the 1.1640 support area, the EUR/USD pair's medium-term bias is bullish. Any correction can be considered an opportunity to resume the uptrend as long as it does not disrupt the established higher low structure. Conversely, if the price weakens again and breaks below the 200-day moving average (MA) and key support around 1.1500, the bullish scenario will lose validity, and the market could potentially revert to deeper bearish pressure.