EURUSD Next possible move

11 Des

EURUSD
Title
"EUR/USD Intraday Analysis: Sell Bias Persists | Dollar Dominance Resumes"

Market Context
"EUR/USD remains under pressure as the U.S. dollar regains strength amid hawkish Federal Reserve expectations. Lingering concerns over Eurozone economic growth further weigh on the pair, favoring a bearish bias."

Technical Analysis
*"Today’s sell entry is supported by the following bearish signals:

Trend Structure: The pair continues to form lower highs and lower lows, confirming the downtrend.
EMA Dynamics: Price trades below the 20 and 50 EMAs, signaling sustained bearish momentum.
RSI: Falling toward 40, highlighting increased selling pressure.
MACD: Negative histogram bars are expanding, reinforcing the bearish outlook.
Key Levels:

Support: 1.0480 (intraday), 1.0450 (next key level).
Resistance: 1.0520 (intraday), 1.0550 (critical barrier). A move above 1.0550 would negate the bearish bias."*
News Context
"Upcoming: U.S. ISM Services PMI data could provide fresh directional cues.
Previous: Friday’s strong NFP report boosted the dollar, keeping EUR/USD under pressure."

Call to Action
"Will EUR/USD continue its slide, or could support levels trigger a reversal? Share your thoughts and strategies below!"