{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-continues-downtrend-as-sellers-dominate-below-1-09490-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-continues-downtrend-as-sellers-dominate-below-1-09490-level\/","headline":"EURUSD Continues Downtrend as Sellers Dominate Below 1.09490 Level","name":"EURUSD Continues Downtrend as Sellers Dominate Below 1.09490 Level","description":"EURUSD Analysis – EURUSD Buy Strength Weakens as Sellers Take Control The EURUSD market continues its downtrend as sellers dominate below the 1.09490 level. The currency pair has maintained its decline, with sellers gaining momentum after breaching the 1.09490 mark. Last week\u2019s brief retest of the 1.1100 level was met with a reversal, driving the […]","datePublished":"2024-10-15","dateModified":"2024-10-15","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\/10\/EURUSD-1DAY.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/10\/EURUSD-1DAY.png","height":495,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-continues-downtrend-as-sellers-dominate-below-1-09490-level\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","Forex","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Technical Analysis","Trade Idea","Trade Setups","Trading","Trading strategy"],"wordCount":275,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Expectation","Price Action","Price Chart","Technical Analysis","Trade idea","trading"],"articleBody":"EURUSD Analysis – EURUSD Buy Strength Weakens as Sellers Take ControlThe EURUSD market continues its downtrend as sellers dominate below the 1.09490 level. The currency pair has maintained its decline, with sellers gaining momentum after breaching the 1.09490 mark. Last week\u2019s brief retest of the 1.1100 level was met with a reversal, driving the pair further downward.EURUSD Key LevelsResistance Levels: 1.09490, 1.06500 Support Levels: 1.07760, 1.04500 The bullish momentum from August, which pushed prices as high as 1.2100, has since diminished, allowing sellers to establish a downtrend. With a clear break below the 1.09490 level, sellers are now targeting the next support at 1.07760, indicating sustained bearish pressure.The Parabolic SAR indicates a continued downtrend, with bearish momentum strengthening as sellers maintain control. The RSI (Relative Strength Index) also points to further downward movement, aligning with the ongoing selling pressure.The daily chart shows the market environment in a clear downtrend, making it unlikely for buyers to initiate a quick reversal, as sellers remain firmly in control.Short-Term OutlookIn the short term, bearish momentum persists, with the Parabolic SAR and RSI both confirming the volatility and strength of sellers. If this trend continues, EURUSD price may extend its decline toward the 1.07760 support level.For buyers to regain control, a clear reversal signal is necessary; however, sellers currently maintain the advantage. This could be a moment for buyers to prepare for a potential market reversal when the opportunity arises. Utilizing forex signals may assist in identifying the most opportune entry points.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\u00a0 for your investing results."}