EURUSD ANALYSIS SATURDAY,07/11/2026 Hello fellow traders. Good evening and welcome to our daily analysis room. Let's dissect the EURUSD pair movement on this daily timeframe with a cool head, objectivity, and high-level discipline. The market always gives clues to those patient enough to read its flow, and the chart before us is currently presenting very interesting price dynamics to observe.
First, let's review the trend structure using the 100 and 200 Moving Averages. The blue and red lines representing the MA 100 and MA 200 now show movement that is starting to flatten after a long consolidation phase, where the current price is located just below the area of the two moving average lines. This position indicates that the medium-term momentum is being tested, and the market is in an important transition phase between continued selling pressure or an attempt to recover the bullish structure.
Second, we look at the momentum condition through the RSI 12 indicator which is at around 38.16. This figure indicates that weakening momentum or selling pressure is dominating, approaching the oversold area, but has not yet reached the extreme lower bound. This condition implies that downward room is still open, but we must remain vigilant for a potential technical price rebound if selling momentum begins to run out of fuel around key support areas.
Third, let's map the support and resistance zones that become the main battlegrounds for buyers and sellers. The price is currently around the 1.1142 level, trapped between the nearest support zone around 1.1066 and the nearest resistance at the 1.1329 level. If selling pressure continues and manages to validly break below the 1.1066 support, the next decline target heads to the major support zone at the 1.0724 level. Conversely, if buyers respond and reclaim control, resistance at the 1.1329 level up to the upper bound at 1.716 will be the next test target.
Fourth, pay attention to the candle patterns forming on this daily chart. The price decline accompanied by several solid bearish candles indicates seller dominance in recent sessions, but small rejections near the support level indicate early defense from buyers. We need to wait for confirmation of reversal candle patterns such as a pin bar or bullish engulfing in the support area to look for entry opportunities that have a healthy risk-reward ratio.
Trading Plan Based on that technical reading, here is the trading plan we can execute with strict risk management:
The first scenario is sell or sell on strength. We can consider a sell position if the price corrects higher approaching the 1.1329 resistance area or fails to break through the Moving Average area, with the potential decline testing the 1.1066 support. Place a loss limit or stop loss above the nearest resistance to protect capital.
The second scenario is buy or buy on support. We can look for buy opportunities if the price shows confirmation of a directional reversal around the 1.1066 support zone with staged profit targets toward the 1.1329 resistance.
That is all the analysis and trading plan for EURUSD for the next moves. Always make sure to use a sensible lot size and limit the maximum risk per trade for the continuity of our trading career in the long term. Stay disciplined, manage emotions, and let the market confirm the way.
