FX.co ★ EUR/USD

EUR/USD M30 TECHNICAL ANALYSIS Hello traders. EUR/USD sellers finished Friday with solid bearish momentum, successfully pushing the pair below the important 1.16535 support zone. If sellers manage to maintain control below this level when the market opens on Monday, the next major downside target could be 1.15038. Continued bearish pressure and successful consolidation there may then open the path toward 1.14418. For buyers to regain momentum and restart an upward move, the pair must break above and hold over 1.16543. If this resistance is cleared successfully, the first bullish target will likely be 1.16803, while stronger buying pressure could later push the pair toward 1.17203. On the M30 timeframe, Friday’s bearish setup performed exactly as expected. The projected sell entry from 1.16440 was triggered successfully, allowing the pair to reach both downside targets at 1.16333 and 1.16274. This confirms that sellers currently remain in control of short-term momentum. Looking at the Bollinger Bands, price is now attempting to move toward the lower band. Traders may wait for a stronger touch of the lower Bollinger Band before expecting a more reliable bearish continuation signal. The reaction of the bands will also be important — if they begin expanding outward, it could confirm increasing bearish momentum and higher volatility. Meanwhile, the AO indicator continues fading in negative territory. If the indicator crosses above the zero line on Monday and begins accelerating into positive territory, it would provide a stronger bullish signal. However, renewed acceleration deeper into negative territory would favor another wave of selling pressure. For trading levels, sellers may focus on 1.16102, where a confirmed breakdown could push the pair toward 1.15987 and 1.15887. Buyers, meanwhile, may watch 1.16333 for a breakout and consolidation, with potential upside targets at 1.16440 and 1.16554.