{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-sellers-set-to-maintain-their-dominance\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-sellers-set-to-maintain-their-dominance\/","headline":"EURUSD Sellers Set to Maintain Their Dominance","name":"EURUSD Sellers Set to Maintain Their Dominance","description":"EURUSD Analysis – Sellers May Refuse to Back Down EURUSD sellers could maintain their dominance. The EURUSD market is displaying a strong inclination towards the bearish side, their motion that sellers might refuse to back down anytime soon. In the recent past, we’ve witnessed a back-and-forth battle between buyers and sellers. The buyers happen to […]","datePublished":"2023-10-16","dateModified":"2023-10-16","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\/10\/QW.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/10\/QW.png","height":589,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurusd-sellers-set-to-maintain-their-dominance\/","about":["Article","EUR\/USD","Forex","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":271,"keywords":["EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"EURUSD Analysis – Sellers May Refuse to Back DownEURUSD sellers could maintain their dominance. The EURUSD market is displaying a strong inclination towards the bearish side, their motion that sellers might refuse to back down anytime soon. In the recent past, we’ve witnessed a back-and-forth battle between buyers and sellers.The buyers happen to make their attempts from the 1.04510 significant zone, only to be flushed out yet again. This recurrent pattern is a clear indicator of the prevailing market sentiment. It therefore highlights the buyers’ struggle to gain a firm foothold.EURUSD Key LevelsResistance Levels: 1.12750, 1.09500Support Levels: 1.08000, 1.04510Over the past months, bears have exerted significant dominance, setting the tone for the market. A closer look at the daily chart reveals persistently bearish sentiment, with sell-side efforts consistently piling up.\u00a0The resurgent bearish momentum suggests that we can anticipate further bearish movements in the coming week. The current bearish outlook is expected to break through the crucial 1.04510 significant level, marking the second attempt to do so.This breakthrough is poised to trigger a more substantial market purge. The Stochastic oscillator currently holds a firm grip on price signals. It emphasizes the selling influence and indicates a potentially deeper decline.Market ExpectationHowever, it’s essential to note that the bears must step up their efforts to breach this critical level. Despite a decline in Price Oscillator momentum, the 1.04510 key level remains vulnerable and likely to be breached shortly.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."}