{"id":24653,"date":"2022-03-30T10:41:48","date_gmt":"2022-03-30T09:41:48","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=24653"},"modified":"2022-03-30T10:58:00","modified_gmt":"2022-03-30T09:58:00","slug":"eurusd-technical-analysis-short-term-trend-test","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/","title":{"rendered":"EURUSD Technical Analysis – Short-term trend test"},"content":{"rendered":"\t\t
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The euro currency has risen back above the 1.1100 level amidst the latest reports that Russia had made efforts to de-escalate the armed conflict, which has been ongoing for over a month now.<\/p>

On the back of these reports, the EUR\/USD<\/a> pair rallied to 1.1137 overnight, and briefly traded back inside a key triangle pattern, and also its key 200-period MA on the four-hour time frame.<\/p>

It is very important for EURUSD bulls that we see the price now settle above the key 200-period MA on the four-hour time frame, located at 1.1120, which would mean a short-term bullish bias is now in play.<\/p>

In theory, gains above the area could provoke a move towards the big moving average that traders watch for the medium to the long-term trend, which is the 200-day MA.<\/p>

Failure to get above the 1.1120 level and we may see a big sell-off coming back towards the 1.1000 level. But with the Ukraine news, more upside potential exists.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Sentiment is in favour of more sideways trading this week. The ActivTrader market sentiment tool shows that some 53 percent of traders are currently bullish towards the EURUSD pair.<\/p>

However, I think that we probably need to see EURUSD traders turning wholesale negative or positive before the EURUSD pair goes and picks a new short-term trend.<\/p>

EURUSD Short-Term Technical Analysis<\/strong><\/p>

The four-hour time frame continues to show that the EURUSD pair has started to break to test the bottom of rising wedge type price pattern, following a recent bearish breakout.<\/p>

According to the four-hour time frame, the price trend is still bearish while the price is capped under 1.1120 level in the short-term. Additionally, the bottom of the wedge pattern is intercepting with the 200-period MA.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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EURUSD Medium-Term Technical Analysis<\/strong><\/p>

Looking at the daily time frame, the EURUSD pair has bounced above a key trendline, which is encouraging for the medium-term bull case.<\/p>

I would also like to add that the EURUSD pairs 200-day moving average is another key upside target, which is close to a key rising trendline, around the 1.1400 level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The euro currency has risen back above the 1.1100 level amidst the latest reports that Russia had made efforts to de-escalate the armed conflict, which has been ongoing for over a month now. On the back of these reports, the EUR\/USD pair rallied to 1.1137 overnight, and briefly traded back inside a key triangle pattern, […]<\/p>\n","protected":false},"author":4,"featured_media":24657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[18],"yoast_head":"\nEURUSD Technical Analysis - Short-term trend test - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EURUSD Technical Analysis - Short-term trend test\" \/>\n<meta property=\"og:description\" content=\"The euro currency has risen back above the 1.1100 level amidst the latest reports that Russia had made efforts to de-escalate the armed conflict, which has been ongoing for over a month now. On the back of these reports, the EUR\/USD pair rallied to 1.1137 overnight, and briefly traded back inside a key triangle pattern, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-30T09:41:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-30T09:58:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/ibrahim-boran-T_PothPoL-g-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"313\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"EURUSD Technical Analysis – Short-term trend test\",\"datePublished\":\"2022-03-30T09:41:48+00:00\",\"dateModified\":\"2022-03-30T09:58:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/\"},\"wordCount\":360,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"EURUSD\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/\",\"url\":\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/\",\"name\":\"EURUSD Technical Analysis - Short-term trend test - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-03-30T09:41:48+00:00\",\"dateModified\":\"2022-03-30T09:58:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/eurusd-technical-analysis-short-term-trend-test\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EURUSD Technical Analysis – Short-term trend test\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. 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