Simple Moving Average Technical Analysis on the EurUsd market pair on Thursday, July 30, 2026 Buyer determination continued to dominate trading on the EurUsd market pair on Wednesday after buyers were able to intervene in the market with greater and stronger force compared to sellers, who again failed to push the price down bearishly below the buyer support area at 1.1379-1.1380. This area continued to be defended very strongly by buyers, causing them to once again dominate trading by driving the price higher in a strong bullish move.
Observed on the Daily timeframe using Moving Average technicals, the EurUsd market pair still appears to be under buyer control, with buyers once again outperforming sellers by continuously pushing the price up bullishly towards the Red 50 MA area located at 1.1480. This move is supported by the formation of a strong bullish candlestick, indicating that today’s trading still has the potential to continue rising further in a bullish direction. Buyers are expected to keep entering more aggressively to maintain control and push the price higher to reach and test the Red 50 MA area, and if it is later broken strongly, it will open up further bullish potential with the next target at the Blue 100 MA area at 1.1567. If this Blue 100 MA area can be broken strongly by buyers, it will open bullish potential towards the Yellow 200 MA area. Trading on Thursday morning in the Asian session appears to be successfully controlled by buyers, who continue to dominate over sellers by pushing the EurUsd pair higher in a bullish move, targeting a rise towards the nearest seller resistance area at 1.1495-1.1496. If this seller resistance area can be broken strongly by buyers, the price will soar even higher in a bullish move with the next target towards the following seller resistance area at 1.1528-1.1529. However, if sellers are able to hold back buyers at this nearest resistance, the price has the potential to fall bearishly, targeting a move down towards the nearest buyer support area at 1.1403-1.1402. If this nearest buyer support area can be broken strongly by sellers, the EurUsd pair will weaken further with the next target towards the following buyer support area at 1.1342-1.1341.
