FX.co ★ berta.hill | EUR/USD

Simple Moving Average Technical Analysis on the market pair EurUsd on Saturday 17 October 2026 The weakening of the Usd Index continues to affect the strength of the American dollar which keeps weakening (bearish) against the Euro, causing trading in the market pair EurUsd that took place last Friday to remain under the control of buyers who have been able to maintain their dominance over sellers by continuously intervening in the market strongly, thereby driving the price to continue moving up (bullish) to the buyer support area at 1.1210-1.1211 which is defended by buyers, preventing sellers from pushing the price down (bearish) and allowing price control to remain in the hands of buyers who keep driving the price higher (bullish). Observed on the Daily time frame using the Moving technical it appears the market pair EurUsd is under the control of buyers who have again prevailed over sellers, continuously pushing the EurUsd pair price higher (bullish) targeting a price approaching the MA 50 Red area as well as the MA 100 Blue which are attached at the crossover located at 1.1473, supported by a fairly strong dominance of bullish candlesticks indicating that buyers still have the opportunity to drive the price higher (bullish) next week. Buyers will try to maintain their bullish momentum in trading by continuing to push the price up (bullish) targeting to be able to approach and test the MA 50 Red area as well as the MA 100 Blue and if successful they could move toward the MA 200 Yellow area at 1.1582. If they fail to break through the MA 50 Red and MA 100 Blue areas then it opens up a fairly deep bearish opportunity.

Trading next Monday is expected to see price movements still under buyer control who have again prevailed and continue to push the price up (bullish), targeting a move toward its nearest seller resistance area at 1.1266-1.1267. If this resistance area can be strongly penetrated by sellers then the price will further strengthen bullishly toward the next seller resistance area at 1.1297-1.1298. However if sellers are able to halt the buyers' bullish advance at the nearest resistance then the price has the potential to weaken (bearish) targeting the nearest buyer support area at 1.1205-1.1204. Trading still tends to strengthen bullishly so buy opportunities remain open and you can place pending orders as below : The buy trading option can be executed if the price manages to break through the seller resistance area by placing a buy stop pending order in the 1.1266-1.1267 area with a TP area placed at 1.1297-1.1298. The sell trading option can be executed if the price manages to break through the buyer support area by placing a sell stop pending order at 1.1205-1.1204 with a TP area placed at 1.1176-1.1175.