{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-goes-lower-as-buyers-bow-to-pressure\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-goes-lower-as-buyers-bow-to-pressure\/","headline":"EURUSD Goes Lower as Buyers Bow to Pressure","name":"EURUSD Goes Lower as Buyers Bow to Pressure","description":"EURUSD Analysis – Stochastic RSI Hints Potential Reversal EURUSD goes lower as buyers bow to pressure. The sellers in the EURUSD market have been exerting strong pressure on the buyers, causing them to relent. The bulls have gone quiet after failing to surpass the price zone of 1.10300. Last week, the sellers gained strength and […]","datePublished":"2023-12-12","dateModified":"2023-12-12","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\/vKOAuYB3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/vKOAuYB3.png","height":589,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-goes-lower-as-buyers-bow-to-pressure\/","about":["Article","charts","EUR\/USD","Forex","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":297,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"EURUSD Analysis – Stochastic RSI Hints Potential ReversalEURUSD goes lower as buyers bow to pressure. The sellers in the EURUSD market have been exerting strong pressure on the buyers, causing them to relent. The bulls have gone quiet after failing to surpass the price zone of 1.10300. Last week, the sellers gained strength and pushed the price lower, reaching a significant level of 1.08570. Their current momentum suggests their intention to break through the key level of 1.07350. The bulls have yet to find stability in the market this time.EURUSD Key LevelsResistance Levels: 1.12860, 1.10300Support Levels: 1.07350, 1.04370The buyers had initially aimed to reclaim the key level of 1.12860 in the market. They showed their strength but failed to break through this level in July. As a result, the market turned bearish, giving the sellers an advantage. In September, the bulls managed to recover strength at a significant level of 1.04370. The buyers began to build a strong rally but could only sustain it up to the 1.10300 price zone.Currently, the sellers hold the advantage in the market and may push the price lower. However, the Stochastic RSI (Relative Strength Index) on the daily chart indicates that sellers are pulling out despite the ongoing selling pressure. This immediate decrease in selling strength suggests a potential reversal in sight for this week. This implies that buyers may have an opportunity to break out beyond the current market conditions.Market ExpectationThe Moving Average crossing indicator favors a selling opportunity in the market at the moment. Both buyers and sellers should anticipate further struggles in the market as they vie for control.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"}