EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The daily chart for EUR/USD indicates a transition from an extended multi-quarter distribution into a macro bearish breakdown, characterized by a series of lower highs and an immediate test of the critical structural shelf at $1.1230–$1.1250. Downward momentum remains dominant with price trading well below the falling 20-day SMA, though small-range indecision candles at the current support shelf signal temporary stabilization and profit-taking. Looking ahead, the primary scenario is a decisive daily close below $1.1200, which would confirm a breakdown from the topping pattern toward downside targets at $1.1000 and $1.0950; conversely, an intraday defense of $1.1230 that reclaims $1.1300 could trigger an oversold mean-reversion rally toward the $1.1400, $1.1440 resistance zone, where sellers would likely look to re-engage the broader downtrend.



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