This support test acts as a major technical pivot for the asset. A successful bounce could trigger a relief rally toward the next significant resistance zone near 1.1750 to 1.1800, while a decisive breakdown below 1.11638 opens the door for a much deeper bearish continuation toward the early 2025 swing low around 1.04000.
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The Euro vs US Dollar is currently navigating a medium-term downtrend, having declined steadily from its early 2026 peak above 1.20000 with a clear sequence of lower highs and lower lows. Price action is now testing a critical horizontal support level at 1.11638, a structural zone that previously anchored the mid-2025 rally.
This support test acts as a major technical pivot for the asset. A successful bounce could trigger a relief rally toward the next significant resistance zone near 1.1750 to 1.1800, while a decisive breakdown below 1.11638 opens the door for a much deeper bearish continuation toward the early 2025 swing low around 1.04000.
Thu, 29 Oct 2026 16:05:09 GMT
Source: Dukascopy Bank SA
This support test acts as a major technical pivot for the asset. A successful bounce could trigger a relief rally toward the next significant resistance zone near 1.1750 to 1.1800, while a decisive breakdown below 1.11638 opens the door for a much deeper bearish continuation toward the early 2025 swing low around 1.04000.
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