EUR/USD Analysis Summary Today
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Overall Trend: Bearish in the medium term, with temporary corrective recovery attempts.
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Support Levels for EUR/USD Today: 1.1355 – 1.1325 – 1.1200
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Resistance Levels for EUR/USD Today: 1.1450 – 1.1500 – 1.1565
EUR/USD Trading Signals:
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Buy scenario (with corrective bounce): Buy from the support level of 1.1370, targeting 1.1500, with a stop loss order activated below 1.1320.
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Sell scenario (with the main trend): Sell from the resistance level of 1.1500, targeting 1.1400, with a stop loss order activated above 1.1550.
Technical Analysis of EUR/USD Today
The overall technical picture remains clearly tilted in favor of the sellers, as the EUR/USD pair continues to register lower highs and lower lows across the best trusted trading platforms, reflecting the persistence of the negative trend in the medium term. The currency pair is also moving below its major moving averages, which all take a bearish slope, signaling that selling pressures remain dominant in the market.
This comes amid the continued strength of the US Dollar, supported by expectations that US interest rates will remain high, contrasted with the ongoing pressure on the European currency.
On the shorter timeframe, the price is moving within a technical formation resembling a rising wedge pattern, which is a pattern that often warns of a resumption of the bearish trend after its completion. Although the pattern has not completed perfectly, any clear and sustained break of the support line could open the way for a new downward wave targeting a retest of the lows recorded during June, with the potential extension of the decline to lower levels.
From a technical standpoint for the EUR/USD, the 1.1355 level, corresponding to the 38.2% Fibonacci retracement of the upward wave that began in April 2025, represents the first major support zone to watch. It is followed closely by the 1.1325 level. If this level is lost, selling pressures could accelerate toward the psychological support at 1.1200, which is a pivotal support area that has proven its importance several times since the volatility that followed the tariff announcements in April 2025.
On the positive-bullish side, the pair still faces strong resistance near the 1.1450 level, which has succeeded in capping upward attempts during recent sessions. The 1.1480 zone emerges as the next resistance, while both 1.1500 and 1.1565 represent potential targets should buyers manage to regain control and push prices above those levels.
Technically, momentum indicators support the negative outlook, despite signs of diminishing intensity in selling pressures. The Relative Strength Index (RSI) has risen from oversold areas but continues to move below the 50 level near 42 points, indicating that positive momentum remains limited. Meanwhile, the MACD indicator has registered a limited bullish crossover with the signal line, but it is still moving below levels that confirm a trend reversal, indicating a weakening of selling momentum rather than the start of a new upward trend.
Based on these data, the technical outlook remains biased toward the continuation of the bearish trend, with the sell-on-rallies scenario being the most likely unless the pair succeeds in breaking through the major resistance levels and closing above them clearly.
The currency pair is not anticipating major US economic releases today except for the announcement of the weekly initial jobless claims. On the European side, the German trade balance figures and the European Central Bank (ECB) meeting minutes will be announced.
EUR/USD Forecast Summary:
Overall, the main trend remains bearish as long as the EUR/USD pair stays below the 1.1480-1.1500 area. Any current upward movement is likely to be a correction unless the price manages to close above this area on a daily basis.
Trading Advice:
The EUR/USD price today may remain within its current sideways range until major economic catalysts emerge. Regardless of your investment conviction to buy or sell, adhering to strict risk management and position sizing is your only key to staying in the market.
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