EUR/USD Technical analysis

Source: Dukascopy Bank SA
EUR/USD remains in a firm downtrend, and the market is closely watching the 1.14520 support level for signs of what comes next. If the pair breaks below this key level, it could signal a continuation of the broader bearish momentum and potentially open the door to deeper declines, possibly targeting 1.1300 or lower.



However, if EUR/USD holds above 1.14520 and shows signs of strength, this area could act as a base for a short-term bullish reversal, with potential for a recovery toward 1.1600 or higher. For now, 1.14520 stands as a pivotal level. A decisive move in either direction may shape the next phase of the trend. Traders should watch closely for confirmation through price action before positioning.
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