{"id":128716,"date":"2026-06-22T09:32:00","date_gmt":"2026-06-22T05:32:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128716"},"modified":"2026-06-22T09:23:58","modified_gmt":"2026-06-22T05:23:58","slug":"euro-loses-its-upside-momentum-22-6-2026","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/euro-loses-its-upside-momentum-22-6-2026\/06\/22\/tech-analysis\/","title":{"rendered":"Euro Loses Its Upside Momentum 22\/6\/2026"},"content":{"rendered":"\n<p>The EUR\/USD pair began the week on a negative note, failing to maintain its recent gains that propelled it to a high of 1.1480 last Friday, and subsequently falling back under selling pressure.<\/p>\n\n\n\n<p>Technical Outlook \u2013 4-Hour Timeframe:<\/p>\n\n\n\n<p>In the short term, the Relative Strength Index (RSI) continues to send negative signals, reflecting weak upward momentum and supporting the likelihood of continued selling pressure.<\/p>\n\n\n\n<p>Conversely, the pair remains below the 50-period simple moving average (SMA), which continues to act as a strong dynamic resistance level, limiting recovery opportunities and maintaining the downward bias.<\/p>\n\n\n\n<p>Overall, the technical outlook remains negative as long as trading remains below key resistance levels, with the short-term bearish bias remaining intact.<\/p>\n\n\n\n<p>Expected Scenarios:<\/p>\n\n\n\n<p>Negative Scenario (Likely):<br>Trading below the resistance level of 1.1480, and more importantly below the psychological barrier of 1.1500, keeps the possibility of a resumption of the downward trend alive, especially if the price successfully confirms a break below the support level of 1.1423 and holds below it, targeting:<\/p>\n\n\n\n<p>1.1380 as the first target<br>1.1350 as the next target<\/p>\n\n\n\n<p>Positive Scenario:<br>However, if the pair manages to close above the 1.1500 level, at least on an hourly candle, the negative scenario may be temporarily postponed, increasing the chances of retesting:<\/p>\n\n\n\n<p>1.1550 as the first target<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><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.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.1420<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: 1.1480<\/strong><\/td><\/tr><tr><td><strong>S2: 1.1380<\/strong><\/td><td><strong>R2: 1.1520<\/strong><\/td><\/tr><tr><td><strong>S3: 1.1350<\/strong><\/td><td><strong>R3: 1.1550<\/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 began the week on a negative note, failing to maintain its recent gains that propelled it to a high of 1.1480 last Friday, and subsequently falling back under selling pressure. Technical Outlook \u2013 4-Hour Timeframe: In the short term, the Relative Strength Index (RSI) continues to send negative signals, reflecting weak upward &hellip;<\/p>\n","protected":false},"author":9,"featured_media":128722,"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-128716","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\/128716","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=128716"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128716\/revisions"}],"predecessor-version":[{"id":128723,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128716\/revisions\/128723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/128722"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}