EUR/USD Technical Analysis

Source: Dukascopy Bank SA
EUR/USD on the daily chart has shifted from consolidation into a clear bearish trend. The short-term moving average has crossed below the long-term one, signaling weakening momentum, and price is now trading below both, confirming downside pressure. Key support sits around 1.1380–1.1470, and if that area breaks, the next likely target is 1.1200.



The former support at 1.1730 has turned into strong resistance. Recent price action shows aggressive selling with no convincing signs of reversal, so the outlook remains bearish unless the pair can reclaim 1.1470 and push back toward 1.1700.
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