{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-bears-is-set-to-take-the-lead\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-bears-is-set-to-take-the-lead\/","headline":"EURUSD Bears Is Set To Take The Lead","name":"EURUSD Bears Is Set To Take The Lead","description":"EURUSD Analysis: Bears Eye 1.06320 Key Level EURUSD bears could take the lead again this week. The bear market finds itself at a crucial juncture, with the 1.06320 market level in its sights. It’s glaring that bearish momentum has shown signs of deceleration recently. The opening of a new trading week could see sellers regaining […]","datePublished":"2023-09-26","dateModified":"2023-09-26","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\/2023\/09\/gtui.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/gtui.png","height":568,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-bears-is-set-to-take-the-lead\/","about":["Article","charts","EUR\/USD","Forex","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":270,"keywords":["EURUSD","Forex","forex price action","FX Technical Analysis","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"EURUSD Analysis: Bears Eye 1.06320 Key LevelEURUSD bears could take the lead again this week. The bear market finds itself at a crucial juncture, with the 1.06320 market level in its sights. It’s glaring that bearish momentum has shown signs of deceleration recently. The opening of a new trading week could see sellers regaining their strength.The bulls had a notable run, ascending to the 1.12760 market level, but their dominance was short-lived. Following a surge in buy liquidity to the 1.12760 significant zone, sellers re-entered the market, driving prices lower. Since then, the bears have been focused on breaking through lower levels.EURUSD Important LevelsResistance Zones: 1.12760, 1.09370Support Zones: 1.07670, 1.05010The final week of September promises significant market moves, and traders have much to consider. The current positioning of EURUSD suggests a bearish bias. However, buyers will need a substantial buying force to reverse the prevailing trend.Technical indicators support the bearish sentiment. The Relative Strength Index (RSI) is gradually trending towards bearish territory. It indicates that selling pressure may persist. Although the Price Oscillator remains slightly weak above the 0.00 level. It also suggests that the market could continue to be dominated by sellers throughout the week.Market ExpectationOn the 4-hour chart, the market appears to be in an accumulation phase just above the 1.06320 key zone. This accumulation could potentially lead to a breakout in favor of the bears. With this traders can look out for more bearish opportunities.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."}