EUR/USD Technical Analysis and Fibonacci Assessment

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD is currently testing a critical pivot at the 50 percent Fibonacci retracement level of 1.1967. Holding this support is essential to preserve the structural integrity of the previous uptrend. Technically, the price has recently slipped below both the 30-period SMA and the 90-period SMA, suggesting that short-term momentum has stalled and shifted in favor of sellers. With the RSI at 43.84, there is no immediate evidence of being oversold, leaving room for a potential extension toward the 61.8 percent level of 1.1940 if the current support fails.



Using Fibonacci retracement from the recent swing low to the high, the key levels are 1.3855 at the top, 1.3782 where the price is now, 1.3759 as secondary support, and 1.3737 as another key support level.

Conversely, a clean break back above the 38.2 percent level of 1.1994 is required to alleviate the immediate selling pressure and signal a potential move back toward the recent highs near 1.2082.
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Thu, 29 Jan 2026 11:53:20 GMT

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