Simple Moving Average Technical Analysis Saturday 18 July 2026 Seller determination remained intact in Friday’s trading on the EurUsd pair, with the market continuing under seller control. Sellers managed to maintain their advantage by intervening in the market with larger and stronger volume, capping price below the seller resistance area at 1.1452-1.1451, which was defended very strongly by sellers and caused price to weaken further into a deeper bearish move under seller pressure.
Observed on the Daily timeframe using Moving Average technicals, it appears the EurUsd pair has once again come under seller dominance, pushing price down in a bearish move away below the Red 50 MA located at 1.1530, supported by the formation of a strong bearish doji candlestick, indicating that today’s trading can still continue further down in a deeper bearish move. Sellers are expected to keep entering with larger volume to maintain control and push price down towards the nearest buyer demand support area at 1.1380. However, a potential counterattack from buyers pushing price up bullish should be watched out for. Trading on Monday is expected to still see price movement dominated by buyers who manage to come in stronger than sellers, driving the EurUsd pair back up in a bullish move targeting the nearest seller resistance area at 1.1449-1.1450. If this nearest seller defense area is strongly broken by buyers, price will surge higher in a stronger bullish move with a target at the next seller resistance area at 1.1464-1.1465. However, if the nearest seller resistance area can be defended by sellers, price may once again come under seller control and be pushed back down in a bearish move towards the nearest buyer support area at 1.1422-1.1421. If this nearest buyer support area is strongly broken by seller pressure, the EurUsd pair will continue to weaken in a bearish move targeting the next buyer support area at 1.149-1.1408.
