Insights 
VT 
Momentum Indicators
Support levels are at 1.1144, 1.1106, and 1.1094, with resistance likely at 1.1193, 1.1209, and 1.1222. These resistance levels could restrict recovery attempts as the pair remains within a downtrend.
Understanding these movements and technical signals can aid in assessing the current market conditions and potential future directions of the EUR/USD pair.
Technical Data Analysis
We’re seeing the pair trading just below a familiar psychological threshold, giving up some recent gains and leaning into a broader pattern that seems skewed towards the sellers, at least for now. The pressure from the top side is holding firm, and those watching shorter timelines will already have noticed price action testing—and failing to break—into higher ground. Resistance in the upper 1.11s and through the low 1.12s has been sticky, dissuading many from taking aggressive positions on the upside.
The bulk of technical data suggests downward drift is still the more probable direction, especially when we consider that shorter-term moving averages are stacked in such a way that lends weight to ongoing downside. That doesn’t necessarily rule out short bursts upward—it almost never does—but it does underline caution when chasing any reversal to the upside without confirmation.
Relative strength isn’t showing much conviction either. Where ideally we’d spot a leg-up in RSI offering some encouragement for bulls, what we’re seeing instead is a market that lacks energy. The MACD continues to nudge into negative territory, reinforcing the lean, while directional movement—as measured by the ADX—remains elevated enough to back the view that sellers retain a measure of control. Oscillators like the Awesome Oscillator and Ultimate Oscillator aren’t adding clarity, but sometimes their silence says enough: momentum remains uncommitted, or veiled just beneath the surface.
We must also take stock of where the inflection points lie. The support zone around 1.1106 is doing its job but isn’t entirely bulletproof. If selling resumes with volume, deeper stops may get triggered below 1.1094, which could open the door to more aggressive moves downward. On the other hand, should any rebound attempts push beyond 1.1193 or scrape against 1.1222, conviction would need to follow quickly—otherwise it’s likely prices fall back into the same well-worn ranges we’ve been observing.
From our perspective, there’s enough directional conflict to warrant a more measured approach. While it’s tempting to lean hard on immediate patterns, context from multiple timeframes shouldn’t be discounted. Shorter periods suggest negative bias, but broader trends still have not fully abandoned neutrality. That tension between short-term pessimism and medium-term balance is important, particularly for those trading with leverage or within tightly set expiry windows.
We continue to monitor levels closely, treating zones around 1.1144 as pivotal. Nothing suggests abandoning existing frameworks just yet, but adapting to oscillating confidence is part of reading this market well. Given all said, signals still lean towards cautious opportunism, with sell-side activity showing greater stamina than any rebound attempts.
