EURUSD NEXT POSSIBLE MOVE

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EURUSD

Here’s a detailed description for today’s extended bearish view in EUR/USD:

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### **Title**
*"EUR/USD Intraday Outlook: Selling Pressure Persists | Dollar Strength Prevails"*

#### **Market Context**
*"EUR/USD continues its downward journey as bearish momentum dominates for another session. A stronger U.S. dollar, supported by hawkish Fed expectations and robust economic data, keeps the pair under pressure. Weak Eurozone sentiment adds to the bearish outlook."*

#### **Technical Analysis**
*"Today's sell view is backed by key technical signals:
- **Trend Structure**: A series of lower highs and lower lows reaffirms the ongoing downtrend.
- **EMA Analysis**: Price remains firmly below the 20 and 50 EMAs, indicating persistent bearish strength.
- **RSI**: Hovering around 35, confirming strong selling pressure.
- **MACD**: Negative histogram bars are widening, reinforcing the bearish sentiment.

**Key Levels**:
- **Support**: 1.0520 (immediate), 1.0500 (critical level).
- **Resistance**: 1.0550 (intraday), 1.0575 (key level). A break above 1.0575 would signal potential exhaustion of selling pressure."*

#### **News Context**
*"Upcoming: U.S. JOLTS Job Openings and Eurozone Retail Sales are key events to watch.
Previous: Strong U.S. Consumer Confidence and hawkish Fed rhetoric continue to weigh on EUR/USD."*

#### **Call to Action**
*"Can EUR/USD break below key support, or will buyers emerge to halt the sell-off? Share your trading setups and views below!"*