Simple Moving Average Technical Analysis on the EurUsd market pair on Monday, July 6, 2026 Buyers are still continuing to dominate trading on the EurUsd market pair that took place last Friday at the end of the week after buyers managed to intervene in the EurUsd market pair by entering more aggressively and outperforming sellers, who again failed to apply bearish pressure so that buyers were able to control the price to move up bullish, away above the buyers’ support area at 1.1423-1.1424, causing sellers to once again fail to break through it and price was pushed up bullish.
Observed on the Daily timeframe using Moving Average technicals, it appears the EurUsd market pair has successfully been taken over by buyers, who are able to dominate trading by driving price to move up strongly bullish, heading back above the Red 50 MA area located at 1.1584, supported by a fairly strong dominance of bullish candlesticks, indicating that next week’s trading still has the potential to be dominated by bullish movement. Buyers will try to maintain their current advantage by continuing to push the EurUsd pair price to move up bullish, breaking above the Red 50 MA area, then heading to the Blue 100 MA area at 1.1580-1.1610 as the next target. If bullish pressure continues to strengthen and successfully breaks above the Blue 100 MA area, then the next target is the Yellow 200 MA area at 1.1652. Trading on Monday today in the Asian session shows that price movement on the EurUsd pair will still be controlled by sellers who manage to enter more strongly than buyers, so sellers can push the EurUsd pair price to move down deeper bearish with a target to the nearest buyers’ support area at 1.1415-1.1414. If this nearest support area can be broken very strongly, then the EurUsd pair price will continue to fall towards the next buyers’ support area at 1.1398-1.1397. However, if buyers are able to curb the sellers’ bearish pace above the nearest support, then price can strengthen bullish again to a higher level with a target to the nearest sellers’ resistance area at 1.1456-1.1457. If the nearest resistance area can be broken by buyers, then price will continue to strengthen further bullish with a target to the next sellers’ resistance area at 1.1479-1.1480.
