📊 EUR/USD Market Analysis – May 29, 2025
The EUR/USD pair is under heavy bearish pressure today, dropping to 1.1248 (-0.41%) as technical signals align for a downward move.
🔹 RSI (14) at 32.3 suggests the pair is nearing oversold territory.
🔹 MACD remains negative, confirming bearish momentum.
🔹 All major moving averages (5–200) signal a Strong Sell.
Key Levels to Watch:
🔸 Resistance – 1.1254 / 1.1260
🔸 Support – 1.1243 / 1.1238
📈 Strategic Outlook:
Short bias remains dominant below 1.1250. A break under 1.1238 could signal further downside. Traders should monitor for reversals near oversold zones and apply strict risk management.
🌐 Stay alert for macroeconomic updates and global events that could impact the euro or dollar sentiment.
📌 Conclusion:
EUR/USD is trending bearish with strong technical confirmation. Ideal conditions for short setups, but caution advised near critical support levels.
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