3 min readWelcome to today’s technical update on EUR/USD.
With limited movement on the higher timeframes and price still consolidating, we’re focusing today’s analysis on the key intraday levels within the current range.
Price remains range-bound, with:
- Range Highs around 1.1430
- Range EQ (Equilibrium) near 1.1350
- Range Lows around 1.1280
We’re continuing to watch for a potential break above the range highs, which could bring the 1.1600 resistance zone into focus—an area we’ve previously identified as the next major level on the higher timeframes.
To the downside, the first potential sign of weakness would be a break below the range EQ at 1.1350. If that occurs, a potential retest of the range lows at 1.1280 could be in play. Should that level break as well, the next supports to monitor would be around 1.1200, and possibly 1.1080.
A break to the downside could raise questions about the validity of the recent high timeframe breakout, while a breakout above 1.1430 could signal renewed strength and the possibility that EUR/USD is entering a new technical cycle.
These are the key levels to monitor as the range develops further.
Author
Risk DisclaimerThe financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
