{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-bulls-await-revival-as-sellers-maintain-control\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-bulls-await-revival-as-sellers-maintain-control\/","headline":"EURUSD Bulls Await Revival as Sellers Maintain Control","name":"EURUSD Bulls Await Revival as Sellers Maintain Control","description":"Market Analysis: Sellers Continue to Hold Their Ground EURUSD bulls await revival as sellers maintain control. The market has been experiencing a lack of bullish momentum as sellers continue to hold their ground. Despite the efforts of the bulls, a solid breakthrough has yet to be achieved. Over the past few days, the price has […]","datePublished":"2024-01-24","dateModified":"2024-01-24","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\/2024\/01\/vlNhx32Y.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/01\/vlNhx32Y.png","height":577,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-bulls-await-revival-as-sellers-maintain-control\/","about":["Article","charts","EUR\/USD","Forex","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","Trade Idea"],"wordCount":347,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"Market Analysis: Sellers Continue to Hold Their GroundEURUSD bulls await revival as sellers maintain control. The market has been experiencing a lack of bullish momentum as sellers continue to hold their ground. Despite the efforts of the bulls, a solid breakthrough has yet to be achieved. Over the past few days, the price has been trading near the touchline of 1.08440. This indicates a lack of decisive movement in either direction. The weak momentum has also prevented the sellers from exerting significant downward pressure.EURUSD Key LevelsResistance Levels: 1.12940, 1.09990Support Levels: 1.07240, 1.08440The bulls have been making efforts to stage a recovery early this year. Their struggle was evident in their attempt to breach the significant zone of 1.09990. After a series of accumulations above the trend line zone, the bears were forced to retreat, allowing the bulls to gain some ground.However, the currency pair is currently experiencing a lack of price volatility, with both traders failing to push the price higher. The momentum indicator, which measures the strength and direction of the trend, has been consistently below the 0.000 line since the start of the year. This indicates a lack of upward momentum and suggests that the market is currently favoring the sellers.From a technical analysis perspective, the momentum being below the 0.000 line could be attributed to a variety of factors, such as a lack of buying pressure. It can also be a result of increased selling pressure or a shift in market sentiment towards the bearish side. Traders should closely monitor these technical indicators to gain insights into market dynamics.Market ExpectationFurthermore, the Relative Volatility Index, which measures the power drive in the market, is indicating low volatility at the moment. This further reinforces the current absence of strong price movements. It also suggests that it may take some time for the bulls to regain control and act more forcefully in the market.Note:\u00a0Forexschoolonline.com\u00a0is 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"}