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2025-07-30 20:15:23
EUR/USD Technical Analysis: From a technical analysis perspective, EUR/USD is currently exhibiting typical bear market characteristics. Currently trading at 1.1526, the price has broken through several key moving average support levels. Bollinger Bands indicate that the exchange rate is currently trading near its lower band, with the middle band at 1.1654 acting as a significant short-term resistance level. The upper band, near 1.1837, will provide strong resistance to any rebound. The MACD indicator shows a clear bearish formation, with the MACD line at -0.0047, the signal line DEA at -0.0039, and the MACD histogram at -0.0016. Overall, the MACD indicator is trading below zero, confirming the current downtrend. The Relative Strength Index (RSI) is currently reading 29.8308, entering oversold territory, which typically signals the possibility of a short-term technical rebound. However, in a strong downtrend, the RSI can remain in oversold territory for extended periods, so an oversold RSI reading alone is not sufficient to confirm a trend reversal.
