{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-price-continues-its-bearish-turn\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-price-continues-its-bearish-turn\/","headline":"EURUSD Price Continues Its Bearish Turn","name":"EURUSD Price Continues Its Bearish Turn","description":"EURUSD Analysis – The Market Is Still on the Fall EURUSD price continues its bearish turn this week. Last week, the bears gained favor and planned to make further pulls. The buyers have been unable to make a significant impact, which has allowed the sellers to take advantage and sell short. This week has continued […]","datePublished":"2023-07-25","dateModified":"2023-07-25","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\/2023\/07\/EURUSD.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/07\/EURUSD.png","height":589,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-price-continues-its-bearish-turn\/","about":["charts","EUR\/USD","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":317,"keywords":["Daily Chart","EUR","EURUSD","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Trade idea"],"articleBody":"EURUSD Analysis – The Market Is Still on the FallEURUSD price continues its bearish turn this week. Last week, the bears gained favor and planned to make further pulls. The buyers have been unable to make a significant impact, which has allowed the sellers to take advantage and sell short. This week has continued in the same vein, with the sellers close to breaching the 1.10470 market level. In addition, the bulls have failed to breach the 1.2380 level after escaping from the consolidation zone.EURUSD Market LevelsResistance Levels: 1.12380, 1.10470Support Levels: 1.08320, 1.06890The EURUSD price has been stuck in a consolidation phase between 1.10470 and 1.05220 for most of this year. Although the recent bullish opportunity saw buyers break through the 1.10470 level, the price is now on the decline. This means that the sellers are currently in control. A fallback could be in the cards. The bears may be the ones to benefit from this situation. If the sellers breach the 1.10470 level, then they may be able to push the price further downward.The recent bearish setup on the EURUSD price has been confirmed by the Stochastic Oscillator on the daily chart. It has taken a sharp turn from the buying direction. This suggests that the market sentiment is bearish and that a further decline in the price is expected. Traders should keep a close eye on the EURUSD price and the 1.10470 level, as this could determine the future of the market.Market ExpectationOn the 4-hour chart, the buying momentum of the bulls has been relinquished, indicating that they may be losing control of the market. However, this does not mean that they are completely out of the game, and a reversal is still plausible around the 1.10470 mark.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."}