EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On the 4-hour chart of EUR/USD is locked in a primary bearish trend characterized by a descending channel and a series of lower highs and lower lows. The market is currently trading at 1.14005, consolidating just beneath its 60-period SMA and a critical immediate resistance zone between 1.14214 and 1.14530.





If the price fails to break above this combined dynamic and horizontal resistance, the downtrend is highly likely to resume, targeting immediate support at 1.13554 and potentially at 1.13000. Conversely, a clean break and close above 1.14530 would signal a short-term bullish breakout from the descending structure, opening the door for a deeper corrective rally toward the 1.15850 structural level.

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