Mon, 10 Aug 2026 10:06:52 GMT
EUR/USD Technical Analysis: Descending Channel & Key Breakout Levels
EUR/USD daily chart displays a well-defined descending channel, reflecting a medium-term bearish trend, with price currently testing the crucial upper resistance boundary around 1.1560–1.1600. Following a bounce off the 1.1350 1.1380 double-bottom floor, the pair has climbed back above its 20-day SMA, displaying short-term bullish momentum.
A confirmed daily close above 1.1600 may signal a formal breakout from the channel and