EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD reveals a well-defined bearish outlook as the currency pair continues to trade within a clear descending channel. The price is currently quoted at 1.14161, putting it in a minor upward consolidation phase after bouncing off the channel's lower boundary and establishing a short-term floor near the 1.1300 handle. However, the overhead market structure remains heavily capped by major horizontal resistance levels at 1.1507, 1.1595, and 1.1800. Unless the bulls can generate enough momentum to break out above the 1.1507 pivot zone and clear the upper trendline resistance, the broader technical bias remains firmly to the downside, with a high probability of an eventual retest of the recent lows.





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