{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-faces-selling-pressure-as-buyers-seek-a-sufficient-boost\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-faces-selling-pressure-as-buyers-seek-a-sufficient-boost\/","headline":"EURUSD Faces Selling Pressure as Buyers Seek a Sufficient Boost","name":"EURUSD Faces Selling Pressure as Buyers Seek a Sufficient Boost","description":"EURUSD Analysis – Buyers Struggle to Gain Control EURUSD faces selling pressure as buyers seek a sufficient boost. The pair is facing significant pressure as buyers attempt to break above the key level of 1.10500. Despite some bullish momentum in July, sellers have remained dominant for an extended period. The initial breakout above 1.10500 was […]","datePublished":"2023-08-09","dateModified":"2023-08-09","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\/08\/EURUSD-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/EURUSD-1.png","height":453,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-faces-selling-pressure-as-buyers-seek-a-sufficient-boost\/","about":["charts","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":273,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Technical Analysis"],"articleBody":"EURUSD Analysis – Buyers Struggle to Gain ControlEURUSD faces selling pressure as buyers seek a sufficient boost. The pair is facing significant pressure as buyers attempt to break above the key level of 1.10500. Despite some bullish momentum in July, sellers have remained dominant for an extended period. The initial breakout above 1.10500 was followed by a loss of momentum near the 1.12640 level. This, therefore, resulted in a bearish trend.EURUSD Key LevelsResistance Levels: 1.12640, 1.10500Support Levels: 1.08370, 1.05000With sellers maintaining dominance, the market has fallen below the 1.10500 level. The bearish trend duration depends on whether buyers can regain control. The Stochastic indicator suggests that the market is overbought, indicating a favorable sign for buyers.However, the MACD (Moving Average Convergence and Divergence) has yet to provide a clear direction. This, therefore, implies that if buyers are able to gather momentum, the tide could change. The Moving Average crossing is in favor of the sellers on the daily chart.Market ExpectationOn the 4-hour chart, significant pressure is exerted on buyers as sellers maintain their strength. For a breakout in the market, buyers would now require a sufficient boost to facilitate that. If buyers fail to gain control, the market momentum will keep favoring the sellers. Traders are encouraged to closely monitor market dynamics and watch for potential opportunities as the battle between buyers and sellers unfolds. Buyers’ ability to gather strength and regain control will ultimately determine the direction of the EURUSD 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."}