EURUSD Technical Analysis Summary
Overview
The EURUSD currency pair has recently shown a significant rebound after breaking below the November 2025 swing lows. The price has now moved back above these levels, indicating a shift in control towards buyers.
Recent Price Action
Last week, the EURUSD broke below the November lows at 1.1491 and 1.1468, reaching a session low of 1.14102. However, buyers stepped in, and the price has since rebounded, briefly touching lows around 1.1413 before reversing higher. The current trading environment has been supportive for the EURUSD, with a weaker U.S. dollar, falling Treasury yields, and improving stock prices.
Technical Developments
The recent price action has pushed the EURUSD back above the broken support levels of 1.1491 and 1.1468, reaching a session high near 1.1502. This recovery is a crucial technical development, providing buyers with a stronger position in the near term.
Future Outlook
Looking ahead, the next resistance level is identified at 1.1508, which corresponds to the 38.2% retracement of last week’s decline. A break above this level could lead traders to focus on the 50% midpoint near 1.1538, along with a key swing area between 1.1538 and 1.1554. Additionally, the falling 100-hour moving average, currently near 1.1530, may serve as a natural test for bullish momentum.
Support Levels
On the downside, support is now established at the former November lows of 1.1491 and 1.1468. As long as the price remains above these levels, buyers can maintain control and keep the potential for further recovery alive.
Key Technical Levels
- Resistance: 1.1508 (38.2% retracement)
- Resistance: 1.1530 (100-hour MA)
- Resistance: 1.1538–1.1554 (swing area / 50% midpoint)
- Support: 1.1491 (Nov 2025 low)
- Support: 1.1468 (Nov 2025 low)
- Support: 1.1410–1.1413 (session low zone)