{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-bearish-sentiment-will-maintain-price-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-bearish-sentiment-will-maintain-price-level\/","headline":"EURUSD Bearish Sentiment Will Maintain Price Level","name":"EURUSD Bearish Sentiment Will Maintain Price Level","description":"EURUSD Analysis – Market Bearish Sentiment Plan Is Holding Back the Price to the 1.04100 Key Zone EURUSD bearish sentiment plan is holding back the price to the 1.04100 key zone. The price sentimental trend shows that fiber is projected to go lower as more tension is added to the price. The sellers have constantly […]","datePublished":"2022-05-17","dateModified":"2022-05-17","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/05\/EURUSD-1Day-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/05\/EURUSD-1Day-2.png","height":565,"width":1194},"url":"https:\/\/forexschoolonline.com\/eurusd-bearish-sentiment-will-maintain-price-level\/","about":["Article","Article-com","Case Study","charts","EUR\/USD","Featured Articles","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Trade Idea","Trade Setups"],"wordCount":330,"keywords":["Daily Chart","EURUSD","forex price action","FX Technical Analysis","Market Anticipation","Price Action"],"articleBody":"EURUSD Analysis – Market Bearish Sentiment Plan Is Holding Back the Price to the 1.04100 Key ZoneEURUSD bearish sentiment plan is holding back the price to the 1.04100 key zone. The price sentimental trend shows that fiber is projected to go lower as more tension is added to the price. The sellers have constantly been portraying more sell orders in price, thereby rendering buyers’ influence without effect. Fiber tried to adjust its price tendency after a fall below the 1.06430 key level. The buyers, however, could not conclude to a price above this level. Shortly after the price retracement, a bearish downpour continues as the negative strength of the fiber increases.EURUSD Key ZonesResistance Zones: 1.11900, 1.09380Support Zones: 1.06430, 1.04100For a long time now, EURUSD has been in a downward trend. The sellers made significant progress as the price first broke through the 1.11900 key level. Despite being in a trending medium, the buyers engaged the price back to the 1.11900 key zone before the downward trend commenced. As fiber continues to run off to other key zones downward, the True Strength Indicator continues to trade in the negative region of the price.With the bearish fall, the daily price continues to break several orders. Bearish sentiment is on the decline as EURUSD has plunged beyond 1.04100. Before another bearish thrust, a retracement back to this market zone is expected. The Moving Average cross is broadening on the daily chart because the fiber is still under selling influence.Market ExpectationsThe candlesticks are currently reacting near the 1.04100 key zone due to buyers’ willingness to elevate the price. However, because the EURUSD is seasoned in a downtrend, the price will resume its trend following the retest of the 1.04100 significant zone. The buyers are currently putting the bearish sentiment on hold as the price reaction continues near 1.04100.Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}