Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
EUR/USD Technical Analysis: Trend Line Under Pressure

EUR/USD Technical Analysis: Trend Line Under Pressure

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0968, 1.0818, 1.0661
  • Resistance:1.1100, 1.1277, 1.1466

The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar. Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at 1.1277. Alternatively, move below the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci expansion) opens the door for a challenge of the May 27 low at 1.0818.

An actionable trade setup is absent at this point, arguing against taking a trade in line with our long-term outlook. With that in mind, we will remain on the sidelines for the time being until an attractive opportunity presents itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.