EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD 4-Hour chart reflects a short-term bearish pullback within a broader descending channel, with price currently trading at 1.15254 after failing to break upper trendline resistance near 1.1560. Having dropped back below its 48-period SMA, near-term momentum leans toward a test of key horizontal support at 1.1470, with the lower channel boundary around 1.1350 acting as a deeper safety net. For buyers to regain control, price needs to reclaim the 1.15370 moving average and push decisively past the 1.1550–1.1560 resistance zone to target recent highs near 1.1600.



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