FX.co ★ EUR/USD

The EUR/USD pair remained under strong bearish pressure on the M30 timeframe, continuing its overall downward trend. Price action clearly respected the bearish market structure, with lower highs and lower lows forming throughout the session. The chart shows that sellers maintained control after a sharp impulsive move downward, confirming sustained selling momentum. At the beginning of the chart, price attempted to consolidate near the higher levels around 1.1600, but it failed to break above the major moving averages. This rejection signaled weakness in bullish momentum and created an opportunity for sellers to enter the market. Soon after, a strong bearish candle caused a significant breakdown, pushing the pair sharply lower and shifting market sentiment toward the downside. Following the initial drop, price entered a temporary corrective phase where buyers attempted a recovery. However, the retracement remained weak and failed to challenge the longer-term moving average resistance, especially the red 200-period moving average. This confirmed that the recovery was only a pullback within the broader bearish trend rather than a true reversal. As the session progressed, EUR/USD moved sideways for a short period, creating consolidation around the 1.1460–1.1480 zone. This range acted as a decision area before sellers regained control. The moving averages continued sloping downward, reinforcing bearish bias. Price repeatedly faced rejection near the short-term moving averages, showing that sellers were using pullbacks to add positions. The RSI indicator remained below the neutral 50 level and recently moved near 36, indicating weak bullish strength and increasing bearish pressure. Although the market is approaching oversold territory, no strong bullish divergence is visible yet, suggesting sellers may still have room to push price lower. In conclusion, the EUR/USD M30 chart remains bearish. The combination of downward-sloping moving averages, weak retracements, and low RSI readings supports continued downside potential. Traders should monitor key support levels near recent lows, as a breakdown below these areas could trigger further bearish continuation in upcoming sessions.