Simple Moving Average Technical Analysis on the EurUsd pair market on Saturday, July 11, 2026 Seller determination once again dominated trading on the EurUsd pair market on Friday, which had actually been briefly controlled and dominated by buyers who managed to push the EurUsd pair price up bullish. However, it did not last long because it faced stronger resistance from sellers after they successfully intervened in the EurUsd pair market by entering larger and stronger positions from the start of the session, blocking the bullish attempts made by buyers below the seller resistance area at 1.1461-1.1460. This caused the price movement to reverse direction from bullish to an even stronger bearish move due to the heavy bearish pressure from sellers.
Observed on the Daily timeframe using Moving Average technicals, it appears the EurUsd pair market has been taken over by sellers, who entered more dominantly than buyers, once again pushing the price down in a bearish move, moving further below the Red 50 MA located at 1.1559. This is supported by the formation of a strong bearish Hammer candlestick, indicating that the EurUsd pair market still has the potential to fall further into a deeper bearish move next week. Sellers will continue to strengthen their bearish pressure, thereby increasing the chances of reaching the nearest buyer demand support area as their main target, which must be broken to open the way for a deeper bearish move and at the same time reinforce the bearish trend. Monday’s trading next week still has the potential to be dominated by sellers who manage to enter more strongly than buyers, so they can continue to push the EurUsd pair price further down in a bearish move towards the nearest buyer support area at 1.1394-1.1393. If this area is also successfully broken strongly by sellers, then the EurUsd pair price will continue to drop deeper in a bearish move with a target at the next Support area located at 1.1376-1.1375. However, if buyers are able to defend their nearest support area, then the price has the potential to strengthen higher with a target at the nearest seller resistance area at 1.1444-1.1445. If this area can be broken strongly by buyers, then the EurUsd price will soar even higher in a bullish move with a target at the next seller resistance area at 1.1477-1.1.1478.
