EURUSD NEXT POSSIBLE MOVE

kelmarin

EURUSD

Here’s a detailed description for today’s bearish entry in EUR/USD:

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### **Title**
*"EUR/USD Intraday Outlook: Bearish Momentum Resumes | Dollar Strength Dominates"*

#### **Market Context**
*"EUR/USD faces renewed selling pressure as dollar strength reasserts itself. Hawkish Federal Reserve expectations and cautious global sentiment weigh on the Euro, maintaining the pair’s bearish outlook."*

#### **Technical Analysis**
*"Today's sell entry is supported by:
- **Trend Structure**: Lower highs and lower lows continue to dominate the price action.
- **EMA Analysis**: Price remains below the 20 and 50 EMAs, signaling bearish momentum.
- **RSI**: Dipping below 45, reflecting increased selling pressure.
- **MACD**: Negative crossover with expanding histogram bars, reinforcing the downside bias.

**Key Levels**:
- **Support**: 1.0530 (immediate), 1.0510 (critical level).
- **Resistance**: 1.0560 (intraday), 1.0580 (key barrier). Staying below 1.0560 keeps the sell momentum intact."*

#### **News Context**
*"Upcoming: U.S. JOLTS Job Openings and Eurozone Sentix Confidence Index could provide intraday volatility.
Previous: The Euro continues to struggle amid subdued economic sentiment in the Eurozone."*

#### **Call to Action**
*"Can EUR/USD sustain its bearish momentum and break below key support levels? Share your trade setups and strategies below!"*

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