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2025-07-29 16:51:56
EUR/USD Technical Analysis: The daily chart of EUR/USD shows a recent shift from a volatile upward trend to a clear downward trend. After reaching a high at 1.1829, the pair retreated, falling below the middle Bollinger band and the 60-day moving average. It has now reached the lower Bollinger band (1.1552) and is approaching the key support level of 1.1526. Analysts believe that a break below this level could lead to further declines to the 1.1450 area. Bollinger Bands are showing signs of opening, indicating increasing volatility. The MACD histogram has further expanded, indicating increasing bearish momentum. A clear technical rebound signal is unlikely in the short term. The Relative Strength Index (RSI) has fallen to around 41. While not yet in extreme oversold territory, it is showing a sustained downward trend. A break below 40 could intensify selling pressure. Overall, the above analysis suggests that technical signals align with fundamentals, and short-term bearish sentiment remains dominant.
