EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD is trading in a short-term bearish impulse following a decisive rejection from the late-August highs near 1.1700, falling firmly below its downward-sloping 20-day Simple Moving Average. The pair is currently testing critical support around the horizontal green dashed zone near 1.1379–1.1350, matching the swing-low consolidation base from late June and July. With the daily RSI hovering at 30.63 right at the edge of oversold territory, downside momentum is stretched, opening the door for either a technical consolidation/mean-reversion bounce toward the 1.1500–1.1530 resistance zone or, upon a clean breakdown below 1.1350, continuation toward next support near the 1.1300 handle.




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