For EUR/USD, the notable level is 1.0760. The pair is currently under downside pressure, with sellers maintaining near-term control.
The 100-week moving average at 1.0780 is an important level to monitor this week. Expiries above this level could contribute to stability in the session ahead, while the overall market risk mood is influencing trends as the month and quarter conclude.
Key Technical Analysis
This analysis focuses on EUR/USD and highlights levels that hold weight in near-term price action. The pair faces downward momentum, with selling pressure intact. The 100-week moving average, positioned at 1.0780, serves as a reference point for traders watching for potential reactions. If price holds beneath this area, momentum could stay restrained. However, should expiries above it gain traction, short-term stability is possible. Broader market sentiment, shaped by quarter-end flows, is also influencing movement, adding another layer to assess.
Market participants should remain alert to shifts around these technical markers. If selling persists, further declines towards lower support zones cannot be ruled out. However, a recovery above key thresholds could alter positioning. The current setup suggests sellers possess the upper hand, but lingering demand near support could slow any move lower. With quarter-end dynamics at play, shifts in positioning could emerge, requiring close attention.
Market Sentiment And Risk Factors
Beyond technical levels, risk sentiment remains a factor. Quarter-end adjustments may create temporary volatility, while external developments across global markets shape directional bias. A sustained break above or below the highlighted levels would provide stronger conviction, offering clarity for the next stages of price action. Trading conditions warrant adaptability as market factors align in the sessions ahead.
