EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD is in a downtrend on the hourly chart, moving within a falling channel. It's currently making a small bounce after touching the lower channel. The trend remains bearish, with lower highs and lows, a falling 60-period SMA above price, and RSI below 50. The bounce may stall near resistance at 1.1650–1.1680. A rejection here could lead to a drop back toward 1.1600. Only a strong break above 1.1680 would suggest a possible bullish reversal.



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