EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD remains in a broader bearish trend, although it has recently bounced from a low near 1.1520. The price is attempting to climb toward the 1.1680 resistance but is still held below the main moving averages, which are aligned in a bearish sequence. This suggests the overall downtrend is still intact. The RSI is around 47, indicating that the recent rise is just a short-term relief rally rather than a full reversal. If the pair fails to break above 1.1680, it could move back down toward support near 1.1560, while stronger resistance sits at 1.1760 and 1.1904.



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