{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-makes-further-slide-as-bearish-strength-keeps-emerging\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-makes-further-slide-as-bearish-strength-keeps-emerging\/","headline":"EURUSD Makes Further Slide as Bearish Strength Keeps Emerging","name":"EURUSD Makes Further Slide as Bearish Strength Keeps Emerging","description":"EURUSD Analysis – The Bears Show Strong Resilience EURUSD takes a further slide as bearish strength keeps emerging. The Bears have been on a straight selling streak, overcoming buy-back opposition. Although the Bulls put up a struggle last week. \u00a0Their efforts to push the price upward before the end of January were dragged out as […]","datePublished":"2024-02-07","dateModified":"2024-02-07","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\/2024\/02\/piSTfpSp.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/02\/piSTfpSp.png","height":441,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-makes-further-slide-as-bearish-strength-keeps-emerging\/","about":["charts","EUR\/USD","Forex Strategies","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","Trade Idea"],"wordCount":268,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart"],"articleBody":"EURUSD Analysis – The Bears Show Strong ResilienceEURUSD takes a further slide as bearish strength keeps emerging. The Bears have been on a straight selling streak, overcoming buy-back opposition. Although the Bulls put up a struggle last week. \u00a0Their efforts to push the price upward before the end of January were dragged out as they failed to breach the significant level of 1.08950.EURUSD Key LevelsResistance Levels: 1.12940, 1.11420Support Levels: 1.07240, 1.05140This new week presents a tough challenge for the Euro market, as it needs to brace itself against the bearish pressure. The bears are attempting to break through the significant level of 1.07240. A further breach below this level would confirm the establishment of bearish strength, potentially pushing the price even lower. However, the 1.07240 level could also serve as a target for buyers to re-enter the market. They would need to put in extra effort to regain strength. This can be in their favor if they manage to pull through.\u00a0Market Expectation\u00a0To navigate this market, traders can rely on the best forex signals, which will provide them with valuable insights and increase their chances of success. Currently, the Parabolic SAR (Stop and Reverse) indicator has yet to signal a reversal. Traders must therefore remain vigilant and watch out for either a continuation of the bearish momentum or a potential reversal at this moment. The tide remains in favor of the bears as their momentum continues to grow.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"}