EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD is consolidating around 1.1532 at the midpoint of a multi-year ascending channel, caught between immediate resistance at the recent lower high of 1.1700 and crucial support at the 1.1500 horizontal pivot; a sustained daily close above 1.1700 would favor a bullish continuation toward the channel peak near 1.2050, while a decisive breakdown below 1.1500 exposes the swing low at 1.1300, with deeper selling pressure risking a drop toward the channel baseline near 1.0950–1.1000.



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