EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD chart reveals a prominent bearish trend with the price locked inside a well-defined descending channel since early February. Currently consolidating in a tight sideways range between 1.1350 and 1.1450 near the current price of 1.14245, the pair is catching its breath after a sharp sell-off down to the 1.1300 mark. The primary trading bias remains bearish, meaning a breakdown below 1.1350 support would likely trigger a continuation toward the channel's lower boundary near 1.1250, while any bullish breakout above 1.1450 will face immediate, heavy resistance at the channel's upper boundary around 1.1500.





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