EUR/USD Technical Analysis: Range-Bound Consolidation Near Key Support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The EUR/USD pair is currently locked in a horizontal trading range on the 30-minute timeframe, oscillating between a sturdy resistance ceiling at 1.17900 and a critical support floor at 1.17400. Following a triple-top rejection at the upper boundary, price action has retreated to the current level of 1.17457, where it is testing the strength of the channel's baseline. A confirmed breakdown below the 1.17396 support level would likely trigger a bearish extension toward 1.17100, whereas a bounce from this oversold zone would shift the immediate focus back toward the range median at 1.17768 as buyers attempt to maintain the consolidation structure.



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Tue, 12 May 2026 08:33:33 GMT

Follow Up GBP/USD Technical Analysis: 1.35000 reached

GBP/USD H1 Technical Summary Current Status: Strong bearish impulse testing critical support at 1.3515. Support: Immediate floor at 1.3515; if broken, targets are 1.3470 and 1.3450. Resistance: Recent breakdown point at 1.3590 and major peak at 1.3650. Momentum (MACD 20, 60, 10): Signal: Bearish. The MACD line has crossed below the signal line and is diving toward the zero-line. Histogram: Expanding red bars confirm accelerating downward

Tue, 12 May 2026 06:55:45 GMT

GBP/USD Technical Analysis

The GBP/USD hourly chart currently exhibits a distinct bearish bias as the pair struggles below the orange 60-period SMA, positioning itself just above the critical 1.3515 support floor. With the 10:00 AM gilt auction only minutes away, market participants are bracing for a spike in volatility that could see these technical levels tested rapidly if domestic demand for UK debt

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