EUR moved to the downside closing close to 1.16170.
Economic Calendar Analysis
Volatility is to continue as per previous weeks trend.
EUR/USD hourly chart analysis
EUR/USD shows a clear bearish trend with lower highs and lower lows. The pair has broken below the key 1.1590 support and is trading around 1.1518 near recent lows. Price is well below the 100-period moving average, which is sloping downward and confirming the broader downtrend, while the 24-period moving average is acting as resistance as rallies keep getting sold. If the decline continues, the next support levels are around 1.1435 and the psychological 1.1400 area. The RSI is near 41, showing weak momentum but not yet oversold. Overall sentiment remains bearish, and unless price moves back above 1.1590, any short-term bounce is likely to attract more selling pressure.Hourly Chart
EUR/USD daily chart's review
EUR/USD daily chart is bearish. Price has broken below the prior support around 1.165 and is trading under both the 24-day SMA and 100-day SMA, which confirms downside momentum.The market is now testing the 1.152–1.155 support zone. If this area breaks, the next likely target is around 1.145–1.143. RSI near the mid-30s supports continued bearish pressure, though a short-term bounce is possible.For any bullish correction, price would need to reclaim 1.160, with stronger resistance near 1.165 and 1.175. As long as price stays below these levels, the bearish bias remains dominant.Daily chart
Read More: Technical Analysis
Traders are going short
EUR/USD shows a slight bullish sentiment with 55.07% long positions and a +10.14% shift toward buying.