{"id":119572,"date":"2025-10-06T09:58:50","date_gmt":"2025-10-06T05:58:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119572"},"modified":"2025-10-06T09:58:53","modified_gmt":"2025-10-06T05:58:53","slug":"euro-steady-below-resistance-6-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/euro-steady-below-resistance-6-10-2025\/10\/06\/tech-analysis\/","title":{"rendered":"Euro Steady Below Resistance 6\/10\/2025"},"content":{"rendered":"\n<p>The pair maintains its <strong>expected downward trajectory<\/strong>, having repeatedly failed to break the <strong>1.1760 resistance level<\/strong> over several consecutive sessions.<\/p>\n\n\n\n<p><strong>Technical Picture:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>50-Day Simple Moving Average (SMA):<\/strong> The pair continues to trade below this level, which acts as <strong>dynamic resistance<\/strong>, limiting any further upside attempts.<\/li>\n\n\n\n<li><strong>Relative Strength Index (RSI):<\/strong> Recently entered the overbought zone relative to the price action, suggesting the potential for <strong>negative divergence<\/strong> and renewed downside pressure.<\/li>\n\n\n\n<li><strong>Trend Structure:<\/strong> Price action remains confined within a <strong>descending trend line<\/strong>, confirming the continued dominance of the bearish bias.<\/li>\n<\/ul>\n\n\n\n<p><strong>Probable Scenario:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bearish Case (preferred):<\/strong> Stability below <strong>1.1760<\/strong> maintains the negative outlook. A confirmed break below <strong>1.1690<\/strong> may open the way toward <strong>1.1645<\/strong>, followed by <strong>1.1605<\/strong> as the next support levels.<\/li>\n\n\n\n<li><strong>Bullish Case (alternative):<\/strong> A break above <strong>1.1765<\/strong> and sustained trading above it could revive recovery attempts toward <strong>1.1800<\/strong>, with potential extensions to <strong>1.1835<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p> <strong>Warning:<\/strong> The risk level remains high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<br><br><strong>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<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: 1.1700<\/strong><\/td><td><strong>R1: 1.1755<\/strong><\/td><\/tr><tr><td><strong>S2: 1.1675<\/strong><\/td><td><strong>R2: 1.1785<\/strong><\/td><\/tr><tr><td><strong>S3: 1.1645<\/strong><\/td><td><strong>R3: 1.1810<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><br><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pair maintains its expected downward trajectory, having repeatedly failed to break the 1.1760 resistance level over several consecutive sessions. Technical Picture: 50-Day Simple Moving Average (SMA): The pair continues to trade below this level, which acts as dynamic resistance, limiting any further upside attempts. Relative Strength Index (RSI): Recently entered the overbought zone relative &hellip;<\/p>\n","protected":false},"author":9,"featured_media":119578,"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-119572","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\/119572","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=119572"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119572\/revisions"}],"predecessor-version":[{"id":119579,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119572\/revisions\/119579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119578"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}