Market analysis of pair EurUsd with the Bollinger Bands indicator on Thursday 24 September 2026 Following the US interest rate hike, the US Dollar continued to strengthen rapidly against its competitors, including the Euro traded in the EurUsd market pair, which on Wednesday was again in the firm grip of sellers who continuously dominated trading by holding strong control of the price, successfully entering larger and stronger positions thereby able to dampen the buyers' bullish momentum below the sellers' resistance area at 1.1450-1.1449 which allowed the price to be dominated and controlled by sellers by continuing to increase their selling actions which buyers could not match.
Monitored using the Bollinger Bands indicator on the Daily timeframe, it appears the price or candlesticks of the EurUsd pair are being strongly controlled by sellers who can again dominate the market by keeping the price continuously below the Lower Bollinger Band area at 1.1421, supported by a dominance of very strong bearish candlesticks and the Bollinger Bands line continuing downward, further strengthening the confirmation that the EurUsd market pair will continue to move deeper bearish in today's trading. Sellers will try to maintain their current advantage by continuing to press the price down, testing the next target area toward its nearest buyer support at 1.1367-1.1360. Trading of the EurUsd market pair this Thursday midday still appears to be under the control of buyers who are trying to fight back by continuously pushing the price up bullish toward the nearest seller resistance area at 1.1429-1.1430. But if sellers are able to hold their nearest resistance area against the buyers' bullish pressure, the price could weaken again into a bearish move with a target toward the nearest buyer support area at 1.1350-1.1349. Trading is still in a strong bearish trend, so following the trend and looking for Sell opportunities becomes the choice : Entry sell is taken if sellers manage to break below their nearest buyer support area at 1.1350-1.1349, with TP target area at 1.1320-1.1319. Entry buy can be taken if buyers manage to break above their nearest seller resistance area at 1.1429-1.1430, with TP target area at 1.1479-1.1480.
