EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD has transitioned from a bearish to a neutral-bullish posture after breaking above its multi-month descending trendline in August, but is currently in a corrective pullback testing immediate support at the 1.1580–1.1600 zone following a rejection at the 1.1700 swing high. A successful defense of this baseline or the deeper structural support at 1.1500 (a retest of the broken trendline) keeps the broader recovery thesis alive for another push toward major resistance at 1.1780–1.1800, whereas a decisive daily close below 1.1500 would mark a failed breakout and risk dragging price back toward the summer lows near 1.1400.



As governments approach fiscal year end, budget re-planning may increase overall FX volatility via longer term maturity securities.

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