EUR/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD is currently in a sustained daily downtrend trading well below its declining 26-day SMA at 1.13415, but it is attempting to consolidate near the 1.1150–1.1188 demand zone after an extended selloff. Momentum is heavily stretched with an oversold RSI of 28.68, signaling that downward pressure is exhausting and a technical relief bounce toward the previous support-turned-resistance near 1.1340–1.1370 is possible. However, unless price reclaims that moving average barrier, the broader bias remains decisively bearish, with a breakdown below 1.1150 exposing the major horizontal support level and descending channel boundary at 1.1000.

Actual Topics

Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.