{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-continues-its-bearish-attack\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-continues-its-bearish-attack\/","headline":"EURUSD Continues Its Bearish Attack","name":"EURUSD Continues Its Bearish Attack","description":"EURUSD Analysis – EURUSD Buyers Fail to Recover Strength EURUSD continues its bearish attack as buyers remain silent again this new week. The pair has been subject to a series of compelling market movements, highlighting the strength of traders. The bullish momentum that began in October around the 1.04360 price level has been driving the […]","datePublished":"2023-12-05","dateModified":"2023-12-05","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\/12\/HGK.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/HGK.png","height":589,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-continues-its-bearish-attack\/","about":["Article","EUR\/USD","Forex","Forex Strategies","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":271,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Technical Analysis"],"articleBody":"EURUSD Analysis – EURUSD Buyers Fail to Recover StrengthEURUSD continues its bearish attack as buyers remain silent again this new week. The pair has been subject to a series of compelling market movements, highlighting the strength of traders. The bullish momentum that began in October around the 1.04360 price level has been driving the pair higher. A few weeks ago, buyers experienced a surge in liquidity, surpassing the significant level of 1.08330.EURUSD Important LevelsResistance Levels: 1.10210, 1.08330\u00a0Support Levels: 1.06600, 1.07670\u00a0However, the prospect of a slowdown in the bullish run arises as buyers encounter the historically important level of 1.10210. This level has acted as a strong barrier throughout the year. Although a breakthrough at this level would signify further bullish strength, at present, there has been a pullback as sellers gain strength. Since buyers failed to cross the 1.10210 level, bears have been pushing the price lower. This week, sellers have managed to touch down to the key level of 1.08330, but there hasn’t been a further breach yet.The Parabolic SAR (Stop and Reverse) has switched to a sell position, indicating the current bearish sentiment. The slowdown in bullish momentum has gradually given sellers an advantage. Sellers entered the market as a decline was observed on the Price Oscillator indicator.Market ExpectationOn the 4-hour chart, sellers are still lingering and gaining more control. Their current positioning continues to favor them. Traders should closely monitor their response to the significant zone of 1.08330.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"}