{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-selling-momentum-declines-s-market-eyes-potential-pullback\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-selling-momentum-declines-s-market-eyes-potential-pullback\/","headline":"EURUSD Selling Momentum Declines s Market Eyes Potential Pullback","name":"EURUSD Selling Momentum Declines s Market Eyes Potential Pullback","description":"EURUSD Analysis – Buyers Set to Storm the Market EURUSD’s selling momentum declines as the market eyes a potential pullback. The overall bearish trend has commenced since the rejection at $1.11390 resistance. The market is currently undergoing a temporary pause in the bearish momentum, with a potential pullback into the premium zone. A further downward […]","datePublished":"2024-05-01","dateModified":"2024-05-01","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\/05\/1uNDjKt3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/05\/1uNDjKt3.png","height":802,"width":1815},"url":"https:\/\/forexschoolonline.com\/eurusd-selling-momentum-declines-s-market-eyes-potential-pullback\/","about":["Article","charts","EUR\/USD","Forex","Forex Strategies","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","Trade Idea","Trading","Trading Mindset & Psychology","Trading strategy"],"wordCount":300,"keywords":["Daily Chart","EURUSD","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"EURUSD Analysis – Buyers Set to Storm the MarketEURUSD’s selling momentum declines as the market eyes a potential pullback. The overall bearish trend has commenced since the rejection at $1.11390 resistance. The market is currently undergoing a temporary pause in the bearish momentum, with a potential pullback into the premium zone. A further downward movement following the pullback is, however, likely as the overarching trend for EURUSD remains bearish.\u00a0EURUSD Key LevelsResistance Levels: $1.08850, $1.11390\u00a0Support Levels: $1.06860, $1.04480The currency pair has been entrenched in a bearish trend since the market faced significant selling pressure at the $1.11390 resistance level, resulting in a sharp decline. This was followed by a CHoCH (Change of Character) to the downside at $1.07240. Currently, the market is trading within a range bounded by the supply zone at $1.08850 and the demand zone at $1.06860. Recent price action indicates a potential pullback into the premium zone following a buy-side liquidity grab above the $1.09320 high.\u00a0However, despite this temporary upward movement, the overall bearish sentiment remains dominant. Technical indicators such as the RSI (Relative Strength Index) suggest that the market is oversold, supporting the notion of a pullback. The SMA (Simple Moving Average) also indicates that a pullback to the upside is currently ongoing. However, a resumption of the bearish trend is expected as the price approaches the premium zone.\u00a0Market ExpectationEURUSD is heading into the premium zone as the breaks in structures to the upside continue. Before the change in market sentiment on the four-hour chart, EURUSD exhibited a clear bearish order flow. The recent shift occurred around the $1.06600 level, suggesting a potential reversal in the short term.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"}