EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD pair is in a medium-term downtrend. The price recently bounced off a low near 1.14700 but is now stalling as it meets a key resistance area.

This resistance is a combination of the horizontal line at 1.15880 and the 60-period Simple Moving Average, which is also sloping down.



The RSI indicator is neutral at 51.86, showing that the recent buying momentum has paused. The pair is currently at a critical decision point, testing this resistance. A failure to break above 1.15880 could see the downtrend resume, while a break above it could signal a continuation of the recent corrective rally.
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