A bearish trend dominated the EUR\/USD pair at the start of this week\u2019s trading, erasing the gains it had previously achieved against the US dollar.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n The pair\u2019s failure to hold above the psychological resistance at 1.1700 has led to renewed downside pressure, with current movements stabilizing near the daily low of 1.1628. The 50-period simple moving average continues to act as dynamic resistance, while persistent negative signals from the Relative Strength Index (RSI) confirm the dominance of bearish momentum.<\/p>\n\n\n\n Probable Technical Scenario:<\/strong><\/p>\n\n\n\n As long as the pair remains below 1.1700, the bearish outlook prevails. A confirmed break below the 1.1600 support would reinforce downside momentum, opening the way toward 1.1530 as the first support, followed by 1.1460 as the next key target.<\/p>\n\n\n\n Conversely:<\/strong><\/p>\n\n\n\n A clear breakout and sustained stability above 1.1700 could provide the pair with temporary relief, reducing recent losses and allowing for a rebound toward 1.1775, followed by 1.1830 as important resistance levels.<\/p>\n\n\n\n Warning:<\/strong> Risks remain elevated amid ongoing trade tensions, and all scenarios should be considered. A bearish trend dominated the EUR\/USD pair at the start of this week\u2019s trading, erasing the gains it had previously achieved against the US dollar. Technical Outlook \u2013 4-hour timeframe: The pair\u2019s failure to hold above the psychological resistance at 1.1700 has led to renewed downside pressure, with current movements stabilizing near the daily low …<\/p>\n","protected":false},"author":9,"featured_media":118074,"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-118068","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\/118068","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118068"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118068\/revisions"}],"predecessor-version":[{"id":118075,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118068\/revisions\/118075"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118074"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nS1: 1.1580<\/strong><\/td> R1: 1.1700<\/strong><\/td><\/tr> S2: 1.1530<\/strong><\/td> R2: 1.1775<\/strong><\/td><\/tr> S3: 1.1455<\/strong><\/td> R3: 1.1830<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"