{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-market-order-flow-remains-bearish\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-market-order-flow-remains-bearish\/","headline":"EURUSD Market Order Flow Remains Bearish","name":"EURUSD Market Order Flow Remains Bearish","description":"EURUSD Analysis – The market order flow remains bearish EURUSD market order flow remains bearish. Until the double top was formed on May 26, 2021, the market had been bullish. On the 6th of February, 2021, the market hit its local high, and since then, prices have been trending downward with lower highs and lower […]","datePublished":"2022-08-03","dateModified":"2022-08-03","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\/2022\/08\/EURUSD-1Day.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/08\/EURUSD-1Day.png","height":595,"width":1280},"url":"https:\/\/forexschoolonline.com\/eurusd-market-order-flow-remains-bearish\/","about":["Article","Article-com","charts","EUR\/USD","Featured Articles","FX Technical Analysis","Price Action Charts in Focus","Stops - Profits - Trade Management","Support & Resistance","Survey","Trade Idea","Trade Setups"],"wordCount":326,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Prospect","Technical Analysis"],"articleBody":"EURUSD Analysis – The market order flow remains bearishEURUSD market order flow remains bearish. Until the double top was formed on May 26, 2021, the market had been bullish. On the 6th of February, 2021, the market hit its local high, and since then, prices have been trending downward with lower highs and lower lows.Market Major LevelsResistance levels: 1.0800, 1.1520Support levels: 0.9620, 0.8560Ever since the formation of the double top followed by the downtrend indication given by the cross of the Moving Averages (MA), the market order flow has been bearish. Prices seem always to retrace and form a swing low every time the Relative Strength Index (RSI) indicates that the market has entered an oversold region. Breaks and retests of previous supports confirmed that the bears remain in control of the market.On the 27th of May, 2022, the resistance level was at 1.0800, a few days after it stopped being a support. The retest further confirmed the bearish market order flow as lower highs, and lower lows are being formed. Due to the market imbalance, EURUSD kept trending downward. An order block was formed. The order block or the resistance level of 1.0800 is expected to serve as a supply zone to keep the market in a downward trend.Market ExpectationsOn the four-hour timeframe, the market order flow is expected to remain bullish until a change of character (CHOCH) or a shift in market structure occurs and the market flips bearish. Apparently, on the four-hour timeframe, another order block can be found inside the daily timeframe order block. Since it will take a very large volume of buy orders to invalidate the order block, it is expected that the market will continue its downward trend immediately if the price hits this order block below the resistance at 1.0800.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."}