{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-is-looking-to-trade-in-the-bear-market\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-is-looking-to-trade-in-the-bear-market\/","headline":"EURUSD Is Looking to Trade In the Bear Market","name":"EURUSD Is Looking to Trade In the Bear Market","description":"EURUSD Analysis – Price Is Looking to Trade In the Bear Market After a Reversal at the 1.16700 Level EURUSD is looking to trade in the bear market as the market awaits a reversal at the 1.16700 significant price level. The market, however, consists of the bulls and bears alternatively making a significant contribution to […]","datePublished":"2021-10-25","dateModified":"2021-10-25","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\/10\/EURUSD-1Day-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/EURUSD-1Day-1.png","height":568,"width":1194},"url":"https:\/\/forexschoolonline.com\/eurusd-is-looking-to-trade-in-the-bear-market\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Survey","Trade Idea","Trade Setups"],"wordCount":358,"keywords":["Daily Chart","EURUSD","Market Anticipation","Price Action","Technical Analysis"],"articleBody":"EURUSD Analysis – Price Is Looking to Trade In the Bear Market After a Reversal at the 1.16700 LevelEURUSD is looking to trade in the bear market as the market awaits a reversal at the 1.16700 significant price level. The market, however, consists of the bulls and bears alternatively making a significant contribution to the market flow. This implies that, as the bears try to drop the market down, the bulls also try to control the order flow of the financial markets. Since the bears hold more strength in the market, the price is therefore set to allow the sellers to move the market with strong momentum downward.EURUSD Significant Levels:Resistance Levels: 1.22700, 1.9900, 1.19000Support Levels: 1.16700, 1.15900, 1.15300EURUSD at the lowest level of the 1.15300 price level gained bullish strength, and the buyers drove the market upward, breaking through 1.15900. With this movement, we can see the price further breaking through other significant price levels before heading to 1.16700 significant prices. The market is therefore expected to reverse its course at this level, and price movement is assumed to go lower.EURUSD has generally maintained a bearish trend for a long time, as the price is seen following a downtrend. The market generally has been breaking through several significant price levels, creating significant lower highs and lower lows. The price first breaks through the 1.16700 significant price level and then pulls back to the level before bearish activity continued. Currently, the Parabolic SAR (Stop and Reversal) displays the price rising following the candlesticks towards the 1.16700 significant price level.Market ExpectationsOn the 4hour chart, the market that was following a downtrend is now seen rising. EURUSD has already broken the 1.15900 significant price level and the price is heading towards the 1.16700 significant price level. The RSI (Relative Strength Index) indicator shows price movement above the 50.00 level, indicating nearness to the overbought region. The price is therefore expected to reverse following a retest at this level as the market looks to trade in the bear market.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."}