EURUSD – Technical Outlook
The pair continues to trade within a descending channel, showing persistent bearish pressure. Price is currently around 1.1638, sitting below the short pivot line at 1.1684.
Bearish Scenario
As long as price trades below 1.1684, momentum favors the downside.
A confirmed break below 1.1627 would strengthen bearish pressure, with the next target at the support zone near 1.1556.
A deeper decline could extend toward 1.1450 if the support zone gives way.
Bullish Scenario
A sustained move above 1.1684 would challenge the pivot zone at 1.1751 – 1.1780.
A breakout of the descending channel would then be needed to confirm a shift toward bullish momentum.
📍 Key Levels
Resistance: 1.1684 – 1.1751 – 1.1780
Support: 1.1627 – 1.1556 – 1.1450 – 1.1372
⚠️ Bias remains bearish while below 1.1684. Watch for volatility around Fed and ECB signals as fundamental drivers.
The pair continues to trade within a descending channel, showing persistent bearish pressure. Price is currently around 1.1638, sitting below the short pivot line at 1.1684.
Bearish Scenario
As long as price trades below 1.1684, momentum favors the downside.
A confirmed break below 1.1627 would strengthen bearish pressure, with the next target at the support zone near 1.1556.
A deeper decline could extend toward 1.1450 if the support zone gives way.
Bullish Scenario
A sustained move above 1.1684 would challenge the pivot zone at 1.1751 – 1.1780.
A breakout of the descending channel would then be needed to confirm a shift toward bullish momentum.
📍 Key Levels
Resistance: 1.1684 – 1.1751 – 1.1780
Support: 1.1627 – 1.1556 – 1.1450 – 1.1372
⚠️ Bias remains bearish while below 1.1684. Watch for volatility around Fed and ECB signals as fundamental drivers.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.