29.05.202515:53 Forex Analysis & Reviews: Trading Signals for EUR/USD for May 29-30, 2025: sell below 1.1360 (21 SMA - 5/8 Murray)

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Early in the American session, the euro is trading around 1.1331 and is experiencing a strong technical rebound after reaching the 4/8 Murray level at 1.1230.

The euro could rise in the coming hours, but it faces strong resistance around 1.1352. This level could provide a key opportunity to resume selling.

If the euro falls below the 21SMA at 1.1326 or below the 5/8 Murray level, we could expect a technical correction and could reach the 4/8 Murray level at 1.1240 and even fill the gap it left around 1.1168.

The eagle indicator is showing a negative signal; however, we could expect a recovery in the euro in the coming hours, before it could fall again.

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