{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-continues-its-bearish-movement-as-it-approaches-a-significant-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-continues-its-bearish-movement-as-it-approaches-a-significant-level\/","headline":"EURUSD Continues Its Bearish Movement as It Approaches a Significant Level","name":"EURUSD Continues Its Bearish Movement as It Approaches a Significant Level","description":"EURUSD Analysis – Price Continues Its Bearish Movement to the 1.16600 Significant Level EURUSD continues its bearish movement as the price is seen approaching the 1.16600 significant level. Fiber has been in a side-way market since mid-June. This accumulation phase is a result of the previous bearish movement. Price, however, reacted between the range as […]","datePublished":"2021-09-21","dateModified":"2021-09-21","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\/2021\/09\/EURUSD-1Day-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/EURUSD-1Day-2.png","height":568,"width":1194},"url":"https:\/\/forexschoolonline.com\/eurusd-continues-its-bearish-movement-as-it-approaches-a-significant-level\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Trade Idea","Trade Setups"],"wordCount":313,"keywords":["Daily Chart","EURUSD","Market Anticipation","Price Action","Technical Analysis"],"articleBody":"EURUSD Analysis – Price Continues Its Bearish Movement to the 1.16600 Significant LevelEURUSD continues its bearish movement as the price is seen approaching the 1.16600 significant level. Fiber has been in a side-way market since mid-June. This accumulation phase is a result of the previous bearish movement. Price, however, reacted between the range as it continues its side-way movement as the bears seem to be in control of the market.Significant EURUSD LevelsResistance Levels: 122670, 1.19900Support Levels: 1.19090, 1.16600EURUSD first assumed its bearish state after a rejection around the 1.22670 significant level. Following that, price gained bearish momentum and rallied down close to the 1.16600 significant key level. The price, however, reversed its course, heading back to retest 1.22670. Following a sharp liquidity run, the market dropped and retested the 1.19900 and 1.19090 significant key levels.As a result, EURUSD is presently seen consolidating between important levels as prices continue to move sideways. The bears, on the other hand, continue to acquire market power, while the bulls are also looking for a reversal at the 1.16600 significant level. The daily Parabolic SAR (Stop and Reverse) indicator shows several dots as the price drop continues under bearish action.Market PredictionsOn the 4-hour chart, the price is seen dropping progressively after a reversal at the 1.19090 significant key level. The market then continues to make lower lows and highs as it approaches the 1.16600 significant level. The Stochastic Oscillator indicator shows price movement around the oversold region, indicating that price is still in a bearish trend and is about to reverse its direction. The Parabolic SAR continues to display dots above the highs of the candlesticks, indicating a downtrend. As a result, we anticipate price movement to a significant level of 1.16600 before reversing.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."}