Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The EUR/USD pair has maintained a downward trajectory since the opening of this week’s trading sessions, unfolding as part of a corrective phase following the preceding bullish rally.
Technical Outlook – 4-Hour Timeframe:
On the short-term horizon, the pair ran into formidable resistance in the vicinity of 1.1750, which triggered substantial selling pressure and drove the price to settle beneath the simple moving averages. This price action reinforces the prevailing bearish sentiment over the near term.
The Relative Strength Index (RSI) is likewise flashing negative readings, mirroring the deterioration in bullish momentum and the persistence of selling flows.
Accordingly, as long as the pair continues to trade below the 1.1750 threshold, the bearish bias remains the preferred scenario, with 1.1685 serving as the initial downside target. A decisive break beneath this level would pave the way toward an extended decline targeting 1.1655.
On the other hand, a confirmed close above 1.1750 could provide a temporary reprieve from the downtrend and unlock the path toward:
- 1.1780 as the initial upside target
- Followed by 1.1820 as the subsequent objective
- Risk Disclaimer: Trading CFDs involves risks, and therefore the scenarios outlined above are not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 1.1685 | R1: 1.1750 |
| S2: 1.1655 | R2: 1.1780 |
| S3: 1.1610 | R3: 1.1820 |
