Quantitative & Visual Indicator Analysis

Based on visual analysis, the area worth paying attention to is the daily resistance between 1.1445 - 1.1485. We are projecting a high-probability technical scenario for further downside. Here is the breakdown:

• Price Action (Market Structure): A rejection wick is present at the resistance area. This indicates strong selling pressure.
• Momentum (EMA 8 & 24): The red line (EMA 8) is crossing downwards below the lime green line (EMA 24). Layman's explanation: The short-term average price is falling faster than the medium-term, indicating the dominance of selling momentum.
• Trend Baseline (SMA 50): The blue line (SMA 50) is being tested. The price is starting to press below this 50-period moving average, threatening the previous uptrend.
• RSI 14: This market saturation indicator is not at extreme oversold boundaries, leaving a fairly wide room for the price to drop further.

Executive Summary (TL;DR)

The EURUSD pair shows solid bearish indications for a swing trading approach based on the H4 and Daily charts. The price rejection at the crucial 1.1445-1.1485 level, supported by an EMA crossover (Selling Momentum), opens the door for a further corrective move. The ideal entry area is at the current market price, with a rational target at the nearest support.

All of this analysis is for educational purposes and does not constitute investment advice. Always manage your risk independently and consult with a licensed financial advisor before making trading decisions.