EUR/USD Technical Analysis

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Source: Dukascopy Bank SA
EUR/USD daily chart exhibits a dominant medium-term bearish trend, characterized by a well-defined descending parallel channel with sequential lower highs and lower lows. Currently trading around 1.14468, the pair is consolidating at a critical junction, testing both the immediate horizontal pivot zone and the upper boundary of the descending channel itself. A rejection at this descending resistance would signal a continuation of the bearish trend, targeting the recent swing low at 1.1326, whereas a decisive daily breakout above the channel would shift the short-term bias to bullish, opening the path toward key overhead resistance levels at 1.1596 and 1.1794.





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Thu, 16 Jul 2026 11:05:04 GMT

GBP/USD Technical Analysis

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EUR/USD Technical Analysis

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