EUR/USD Technical Analysis: Bearish Descending Channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD 4-hour chart currently exhibits a well-defined Descending Channel pattern, characterized by a series of lower highs and lower lows contained within two parallel downward-sloping trendlines. The price action remains under significant pressure as it trades below the 60-period Simple Moving Average, which continues to serve as a reliable overhead resistance level for the pair. Recent market behavior shows a rejection from the upper boundary of the channel, leading to a sharp decline toward the immediate support level at 1.1456 and potentially the psychological floor at 1.1400.



Meanwhile, the Relative Strength Index (RSI) is hovering near 33, indicating that while the bearish momentum is dominant, the asset is approaching oversold territory where a temporary consolidation or minor retracement might be expected. Key resistance levels to watch on any corrective move higher are situated at 1.1542 and 1.1588.
Back to articles

Actual Topics

Tue, 24 Feb 2026 10:14:02 GMT

EUR/USD 4H Technical Analysis, Descending Triangle Pattern

On the 4-hour EUR/USD chart, the market is forming a tightening consolidation pattern that looks like a descending triangle. The price is being squeezed between a downward-sloping resistance line connecting lower highs and an upward-sloping support line connecting higher lows, showing indecision after the recent downtrend. The 60-period SMA is above the current price and sloping downward, reinforcing a medium-term

Wed, 19 Nov 2025 12:35:04 GMT

Head and shoulders pattern in SP500

A bearish reversal signaled by a Double Top pattern on the daily chart, confirming a breakdown when the price fell below the neckline around 6680.000. This pattern suggests that the strong upward trend is over. The immediate price is now below this critical level, reinforcing the downward momentum. The next significant support levels to watch are 6580.000 and then the

Subscribe to "Fundamental Analysis" feed

Subscribe
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.