Simple Moving Average Technical Analysis on the EurUsd pair market on Saturday, August 8, 2026 Seller determination stalled again in yesterday’s Friday session on the EurUsd pair market after the sellers’ bearish attempt was once more blocked by buyers at the start of the session, holding price above the buyers’ support area at 1.1520-1.1521. This area was reinforced by buyers coming in more dominantly than sellers and managing to push price back up into a stronger bullish move by maximizing bullish pressure, which sent price soaring higher.
Observed on the Daily timeframe using Moving Average technicals, it appears the EurUsd pair market is still under buyers’ control, who continue to outperform sellers by driving price higher in a bullish move, pulling it further above the Red 50 MA located at 1.1469. This is supported by the formation of a strong bullish candlestick, indicating that Monday’s session can still continue higher in a bullish move. Buyers are expected to keep entering more aggressively to maintain control and push price up to reach and test the Blue 100 MA area at 1.1567. If later the buyers’ pressure manages to break strongly above the Blue 100 MA area, it will open up further bullish potential with the next target at the Yellow 200 MA area at 1.1628. However, if it fails to break above the Blue 100 MA area, price will correct back down in a bearish move. Monday’s trading is expected to still be dominated by sellers, who will continue to control the market over buyers by pressing EurUsd lower in a bearish move as a mere correction, targeting a move toward the nearest buyers’ support area at 1.1521-1.1520. If this support area can be broken strongly by sellers, price will fall deeper into a stronger bearish move with the next target at the following buyers’ support area at 1.1488-1.1487. However, if buyers are able to hold back the sellers’ bearish move at this nearest support, price has the potential to rise bullishly, targeting a move toward the nearest sellers’ resistance area at 1.1584-1.1585. If this sellers’ resistance area can be broken by buyers, the EurUsd pair price will continue to soar higher with the next target at the following sellers’ resistance area at 1.1614-1.1615.
