{"id":126173,"date":"2026-04-23T10:39:46","date_gmt":"2026-04-23T06:39:46","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126173"},"modified":"2026-04-23T10:39:50","modified_gmt":"2026-04-23T06:39:50","slug":"euro-at-a-crossroads-is-a-new-downward-wave-starting-23-4-2026","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/euro-at-a-crossroads-is-a-new-downward-wave-starting-23-4-2026\/04\/23\/tech-analysis\/","title":{"rendered":"Euro at a Crossroads: Is a New Downward Wave Starting? 23\/4\/2026"},"content":{"rendered":"\n<p>The EUR\/USD pair is experiencing a decline for the second consecutive session, opening the morning session under pressure at the psychological support level of <strong>1.1700<\/strong>, indicating continued short-term selling pressure.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-Hour Timeframe:<\/strong><\/p>\n\n\n\n<p>In terms of intraday movements, the pair continues to trade below the simple moving averages, which are acting as dynamic resistance and supporting the continuation of the downtrend.<\/p>\n\n\n\n<p>Conversely, the <strong>Relative Strength Index (RSI)<\/strong> is showing some positive signals, coinciding with the price finding support at an ascending support line. This could limit further declines and support the possibility of a temporary rebound.<\/p>\n\n\n\n<p><strong>Likely Scenario:<\/strong><\/p>\n\n\n\n<p>Price stability above <strong>1.1680<\/strong> could support a temporary upward correction. If the pair manages to hold above <strong>1.1715<\/strong>, this could trigger an upward move towards:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1.1745<\/strong> as the first target<\/li>\n\n\n\n<li><strong>1.1770<\/strong> as the next level<\/li>\n<\/ul>\n\n\n\n<p>Conversely, an hourly candle closing below <strong>1.1675<\/strong> could strengthen selling pressure and open the way towards:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1.1645<\/strong> as the first target<\/li>\n\n\n\n<li><strong>1.1600<\/strong> as the next level<\/li>\n<\/ul>\n\n\n\n<p><strong>Note:<\/strong> Today, April 23, 2026, the market is bracing for high-impact economic data, specifically the <strong>Flash Manufacturing and Services PMI<\/strong> figures for the Eurozone and the US. Additionally, traders are closely monitoring the <strong>Unemployment Claims<\/strong> release and the ongoing <strong>US-Iran ceasefire negotiations<\/strong>, which could drive significant volatility in the pair.<\/p>\n\n\n\n<p><strong>Caution:<\/strong> The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<\/p>\n\n\n\n<p><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: 1.1675<\/strong><\/td><td><strong>R1: 1.1745<\/strong><\/td><\/tr><tr><td><strong>S2: 1.1645<\/strong><\/td><td><strong>R2: 1.1790<\/strong><\/td><\/tr><tr><td><strong>S3: 1.1600<\/strong><\/td><td><strong>R3: 1.1820<\/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 EUR\/USD pair is experiencing a decline for the second consecutive session, opening the morning session under pressure at the psychological support level of 1.1700, indicating continued short-term selling pressure. Technical Outlook \u2013 4-Hour Timeframe: In terms of intraday movements, the pair continues to trade below the simple moving averages, which are acting as dynamic &hellip;<\/p>\n","protected":false},"author":9,"featured_media":126179,"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-126173","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\/126173","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=126173"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126173\/revisions"}],"predecessor-version":[{"id":126180,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126173\/revisions\/126180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/126179"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}