Simple Moving Average Technical Analysis on the EurUsd pair in the Sunday market, 16 August 2026 Buyers were able to dominate trading on the EurUsd pair in last Friday’s session after price control slipped out of the hands of sellers, who failed to push price down into a bearish move because of strong buyers continuously intervening in the market and dominating trading. In the end, buyers managed to halt the seller’s bearish momentum above the buyer support area at 1.1527-1.1528, which was held very strongly by buyers and then drove price back up into a bullish move.
Observed on the Daily timeframe using Moving Average technicals, the EurUsd pair is again under buyer control, with buyers once more dominating trading by entering more aggressively and keeping price positioned above the Red MA 50 located at 1.1467, further supported by strong bullish candlestick dominance. This indicates that the EurUsd pair can still continue to rise higher on Monday. If buyers can maintain their advantage, there is potential to test the Blue MA 100 area at 1.1563. If this area can be broken, price will head toward the Yellow MA 200 area at 1.1631 as its potential target while continuing the bullish trend. Trading on Monday morning is expected to still see price movement controlled by buyers, who are likely to dominate by continuing to push price higher in a bullish move, targeting the nearest seller resistance area at 1.1593-1.1594. If this area can be broken strongly by buyers, the EurUsd pair will strengthen further with the next target at the seller resistance area at 1.1619-1.1620. However, if it fails to break, sellers will take over price control and aim to push price down in a bearish move with a target at the nearest buyer support area at 1.1532-1.1531. If this buyer support area is broken, price will weaken further with the next target at the following buyer support area at 1.1497-1.1496.
