EURUSD Remains Under Pressure
EURUSD continues to consolidate below the 1.06000 level as bearish sentiment dominates the market. Despite buyers’ attempts to recover from a prolonged selloff, their momentum remains insufficient to regain control.
EURUSD Market Zones
Resistance Zones: 1.06000, 1.05500
Support Zones: 1.04500, 1.03300 
The euro has been in decline since losing strength at the 1.11330 level in September. This bearish momentum drove the pair to a low of 1.03300 in November, with subsequent recovery attempts failing to gain traction. The 1.06000 resistance level continues to act as a significant barrier, preventing buyers from sustaining a meaningful breakout.
The Momentum Indicator reflects a gradual decline, highlighting the ongoing struggle of the bulls to surpass the 1.06000 level. Similarly, the Stochastic Oscillator hovers near the overbought zone, signaling potential for a bearish reversal as sellers regain control.
If buyers fail to overcome the 1.06000 resistance, EURUSD is likely to face increased selling pressure, potentially testing lower levels around 1.04500 or 1.03300. Conversely, a decisive breakout above 1.06000 could pave the way for recovery toward 1.07780 or higher.
Market Expectation
On shorter time frames, sellers have already begun to push the price lower, with accumulation forming below the 1.06000 level. The lack of strong bullish pressure suggests room for further downward movement unless buyers achieve a significant breakout. 
Traders should closely monitor price action around the 1.06000 level and look for signs of either a breakout or continued downward movement. The Stochastic Oscillator and Momentum Indicator both suggest challenging conditions for the bulls, reinforcing the importance of using forex signals to navigate these market dynamics.
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 for your investing results.
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