EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA, Dukascopy Bank SA
EUR/USD chart, the pair is in a clear intraday downtrend defined by a descending channel originating from the 1.16410 high, currently consolidating near the base at 1.16231. Price action is caught in a tight range between immediate dynamic resistance at the descending upper trendline (around 1.16250) and horizontal pivot support marked by the green dashed line (1.16220–1.16225). A failure to break above trendline resistance or a breakdown below 1.16220 favors continuation toward key support at 1.16200, whereas a sustained 1-minute close above 1.16260 would signal channel exhaustion and trigger a corrective mean-reversion move toward the primary horizontal resistance shelf at 1.16300.



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