{"id":117941,"date":"2025-08-21T10:07:52","date_gmt":"2025-08-21T06:07:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=117941"},"modified":"2025-08-21T10:09:17","modified_gmt":"2025-08-21T06:09:17","slug":"downward-trend-dominates-euro-amid-negative-signals-21-08-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/downward-trend-dominates-euro-amid-negative-signals-21-08-2025\/08\/21\/tech-analysis\/","title":{"rendered":"Downward Trend Dominates Euro Amid Negative Signals – 21\/08\/2025"},"content":{"rendered":"\n

The downward trend continues to dominate the movements of the EUR\/USD<\/strong> pair during the previous trading session, with the pair recording its highest level around the 1.1670<\/strong> resistance.

Technical Outlook \u2013 4-Hour Timeframe:
<\/strong>
Technical indicators are still providing negative signals. The 50-day Simple Moving Average<\/strong> continues to exert additional negative pressure, supported by negative signals from the Relative Strength Index<\/strong> after selling off from the overbought area. Additionally, the price is moving along a downward trendline<\/strong>, as shown on the chart.

Probable Scenario:<\/strong><\/p>\n\n\n\n

Bullish Scenario:<\/strong> As long as the pair remains stable below the 1.1680<\/strong> level, and generally below the psychological barrier of 1.1700<\/strong>, the downward trend is most likely to dominate today’s trading. Targets start at the first support level of 1.1620<\/strong>. A break of this level would open the way for further declines toward 1.1575<\/strong>.<\/p>\n\n\n\n

Bearish Scenario:<\/strong> A clear breakout and consolidation above 1.1700<\/strong> could give the pair some positive momentum to trim its losses, with a potential temporary reversal toward the 1.1720<\/strong> and then 1.1760<\/strong> levels, which represent key resistance areas.

Fundamental Note:<\/strong><\/p>\n\n\n\n

On Thursday, we are awaiting high-impact economic data from the US economy: “Weekly Unemployment Claims, Preliminary Reading of the Services and Manufacturing PMI.” This data may cause strong price volatility when released.<\/p>\n\n\n\n

Warning<\/strong>: The risk level is high amid ongoing trade tensions, and all scenarios may be plausible.

Risk Disclaimer:<\/strong> 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.<\/p>\n\n\n\n

S1: <\/strong>1.0605<\/td>R1: <\/strong>1.1675<\/td><\/tr>
S2: <\/strong>1.1575<\/td>R2: <\/strong>1.1720<\/td><\/tr>
S3: <\/strong>1.1530<\/td>R3: <\/strong>1.1760<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n


<\/p>\n","protected":false},"excerpt":{"rendered":"

The downward trend continues to dominate the movements of the EUR\/USD pair during the previous trading session, with the pair recording its highest level around the 1.1670 resistance.Technical Outlook \u2013 4-Hour Timeframe:Technical indicators are still providing negative signals. The 50-day Simple Moving Average continues to exert additional negative pressure, supported by negative signals from the …<\/p>\n","protected":false},"author":13,"featured_media":117943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[],"class_list":["post-117941","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117941"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117941\/revisions"}],"predecessor-version":[{"id":117942,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117941\/revisions\/117942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/117943"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}