EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD pair on the daily chart is currently sitting around 1.15567, just under an important level at 1.1580. This level used to act as support late last year and is now acting as resistance, so it's a key point to watch. If price can't break and close above it, the market may turn back down. A successful move above it could open the way toward 1.1800, which is the next major resistance, while 1.2050 remains a more distant long-term ceiling.

Recent candlesticks show indecision. After bouncing from 1.1400, the market is printing small candles, which means neither buyers nor sellers are in clear control right now. This usually happens before a stronger move.



Momentum is currently neutral to slightly bearish. The RSI is at 46, which is below the midpoint of 50, but it is rising, suggesting that selling pressure is easing. There's also a small hint that the bearish trend is weakening because momentum didn't drop as much as price did earlier in March.

Recent candlesticks show indecision. After bouncing from 1.1400, the market is printing small candles, which means neither buyers nor sellers are in clear control right now. This usually happens before a stronger move.

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