Simple Moving Average Technical Analysis on trading in the EurUsd market pair on Friday, May 22, 2026 Seller determination remains strong in trading in the EurUsd market pair traded yesterday after successfully containing the bullish buyer's momentum that initially brought the price up bullish but failed to break through the seller's resistance area at 1.1635-1.1634, which was solidly defended by sellers, causing the EurUsd pair to move back down bearish until the early market closing earlier today.
Observed on the Daily time frame using technical Moving Average, the EurUsd market pair still remains under the control of sellers who are more dominant than buyers, pushing the price back down bearish away from the MA 50 area at 1.1653, supported by the formation of a strong bearish candlestick indicating that the bearish pressure from sellers is stronger than buyers and may continue in today's trading. If sellers manage to maintain their dominance over buyers today, the bearish pressure will continue to dominate the trading, and sellers themselves will try to push the price down bearish towards the nearest buyer demand support area at 1.1515-1.1460, which is still strongly held by buyers. Trading on Friday morning in the Asian market session shows the price movement back in the grip of sellers who are able to dominate trading in the EurUsd market pair by being more dominant than buyers, continuously pushing the price down bearish strongly towards the lower target price area of the nearest buyer support at 1.1582-1.1581. If the bearish pressure from sellers successfully breaks through the nearest support below, the price will continue to fall towards the next nearest buyer support area at 1.1549-1.1548. However, if buyers manage to contain the bearish momentum from sellers at the nearest support, the price will reverse from bearish to bullish targeting the nearest seller resistance area at 1.1640-1.1641. The price will strengthen further if this area is breached by buyers, aiming for a continuous rise to reach and test the next seller resistance area at 1.1667-1.1668.
