EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD is testing the upper boundary of its multi-month descending channel and the 7-period SMA (~1.1165) around the 1.1202 – 1.1250 inflection zone after bottoming out in an October horizontal base between 1.1080 and 1.1100. The narrowing price action reflects waning bearish momentum, where a confirmed daily close above 1.1250 would trigger a bullish trend reversal targeting 1.1400 and 1.1600, while a rejection back below 1.1165 would keep the broader downtrend intact for a retest of the 1.1100 floor and potentially the lower channel boundary near 1.0950 – 1.1000.



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