After trending upward since early 2025 on a weaker dollar, EUR/USD saw a notable pullback this week. For the first time, we can technically say that the uptrend has ended. But what are the reasons?
The price dropped below the 1.12640 level, which represents the most recent higher low recorded by the market, and closed the day below it, forming a new low. This signal on the daily timeframe is negative and indicates a trend reversal from bullish to bearish.
The 1.14931 level represents potential selling pressure, from which the price may decline after testing it, targeting the 1.12860 level.
As for the 1.15734 level, it is considered an important resistance line that keeps the bearish scenario valid. However, if the price rises and records a daily close above it, this would indicate a return to the bullish trend and the failure of the bearish scenario.
The price dropped below the 1.12640 level, which represents the most recent higher low recorded by the market, and closed the day below it, forming a new low. This signal on the daily timeframe is negative and indicates a trend reversal from bullish to bearish.
The 1.14931 level represents potential selling pressure, from which the price may decline after testing it, targeting the 1.12860 level.
As for the 1.15734 level, it is considered an important resistance line that keeps the bearish scenario valid. However, if the price rises and records a daily close above it, this would indicate a return to the bullish trend and the failure of the bearish scenario.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.