Wed, 04 Feb 2026 14:19:52 GMT
EUR/USD Technical analysis
EUR/USD has recently seen a notable corrective move after topping near the 1.2050 region. Following this decline, price action has entered a consolidation phase and is currently testing an important support zone, making this area critical for the next directional move.
From a moving average perspective, short-term momentum remains bearish. The price is trading below the 24-period simple moving average, which