EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The EUR/USD is currently in a short-term downtrend on the hourly chart. The price is sitting at 1.1732, which is positioned below the 90-period moving average, showing that sellers are maintaining control.



A recent attempt to climb higher was stopped at the 1.1760 resistance level, where the price met the moving average and turned back down. This makes 1.1760 the main hurdle for any recovery. Looking lower, the key support level to watch is 1.1720. If the price breaks through this floor, it could signal a faster drop toward the 1.1700 zone.
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