Simple Moving Average Technical Analysis on trading in the EurUsd market on Thursday, June 4, 2026 Trading in the EurUsd market pair that took place on Wednesday yesterday was not sustained by buyers who were unable to push the price higher in a bullish direction as they were successfully intervened by sellers who dominated the EurUsd market pair with greater strength, thus managing to maintain the seller resistance area at 1.1634-1.1633 against bullish buyer pressure and ultimately causing the EurUsd pair price to weaken again in a bearish direction.
Observed on the Daily time frame using Moving technical analysis, it appears that the EurUsd market pair is once again under the superior control of sellers compared to buyers, pushing the price further down in a bearish direction, moving away from the Red MA 50 area at 1.1670, supported by the formation of a very strong bearish candlestick indicating that the bearish seller pressure will continue to push further down in today's trading. Sellers will try to maintain their current superiority by entering even larger positions to continue controlling the price downward in a bearish direction, targeting the nearest buyer demand support area, and if successfully breached, will put sellers in a more advantageous position to maintain bearish trend dominance. Trading on Thursday morning in the Asian market session shows that the movement of the EurUsd pair price is still controlled by buyers trying to push the EurUsd pair price higher in a bullish direction, targeting the nearest seller resistance area at 1.1620-1.1621. If this resistance area can be breached with buyer bullish strength, the EurUsd pair price will continue to surge higher in a bullish direction with the next target towards the next seller resistance area at 1.1645-1.1646. However, if sellers manage to maintain their nearest resistance area against bearish seller pressure, the price could be controlled by sellers again, targeting a decline towards the nearest buyer support area at 1.1582-1.1581. If this support area is strongly breached by sellers, the EurUsd pair price will plummet even further with the next target towards the next buyer support area at 1.1569-1.1568.
