EUR/USD Analysis Summary Today

• Overall Trend: Bearish in the medium term, with temporary corrective recovery attempts.

• Support Levels for EUR/USD Today: 1.1415 – 1.1380 – 1.1300

  

• Resistance Levels for EUR/USD Today: 1.1480 – 1.1530 – 1.1600

EUR/USD Trading Signals:

• Buy scenario (with corrective bounce): from the support level of 1.1370, targeting 1.1500, with a stop loss activated below 1.1320.

• Sell scenario (with the main trend): from the resistance level of 1.1500, targeting 1.1400, with a stop-loss order placed above 1.1560.

Technical Analysis of EUR/USD Today

The EUR/USD pair continues to move under selling pressure amid the ongoing dominance of the bearish trend on the technical front, despite the limited recovery attempts witnessed during recent sessions.

Technical indicators suggest that any current rallies are still classified as corrective movements, unless the pair manages to break through key resistance levels and regain upward momentum. Across the best trading platforms, the Euro-Dollar rate settled around the 1.1441 level at the time of writing this analysis.

According to the general technical outlook, the broader trend for the EUR/USD pair still leans downward over the medium and long term. Meanwhile, the support level of 1.1325, which is the low recorded during June, remains the most prominent support level monitored by traders.

The performance of the EUR/USD price at the beginning of the trading week indicates continuing selling pressures as prices approach influential technical resistance levels. The daily timeframe chart shows that the 21-day Moving Average (MA) continues to act as strong dynamic resistance—a level that has successfully capped upward attempts since mid-May, reinforcing the sellers’ continued control over market price action.

As long as the price settles below the 21-day Moving Average, the most likely scenario remains a resumption of the decline to retest the June low at 1.1325, which represents the most prominent technical target during July.

Conversely, a successful breakout and daily close above the 21-day Moving Average by the currency pair could provide the first signal of fading bearish momentum. However, this development would not be enough to change the general trend as long as the price moves below the 100-day Moving Average and the downward trendline extending from the January peaks.

Therefore, any upward waves at the current time remain merely corrective rebounds rather than the start of a new uptrend.

Regarding momentum indicators, the Relative Strength Index (RSI) is moving below 50, reflecting continued negative momentum, while the MACD remains in negative territory despite the weakening downward momentum. This suggests the possibility of limited bounces before the main trend resumes.

According to fundamental analysis, Euro trading via trusted brokerage platforms received limited support after the Sentix Investor Confidence Index for the Eurozone improved during July. It is rising from -13.4 to -3.1 to record its third consecutive monthly improvement. Additionally, the Current Situation Assessment Index improved from -20.0 to -14.8, while the Future Expectations Index jumped from -6.5 to 9.3, returning to positive territory for the first time in several months, reflecting growing optimism regarding the European economy.

Despite the positive nature of these figures, their impact on the Euro remained limited, as they did not lead to a tangible rise in European bond yields.

On the monetary policy front in the Eurozone, financial markets indicate a decline in the likelihood of the European Central Bank taking further steps to tighten monetary policy during the remainder of 2026, especially after the release of inflation data that fell short of expectations.

The easing of concerns related to inflationary pressures stemming from geopolitical tensions has also contributed to a reduction in market bets on any further interest rate hikes. This is reflected in the decline in short-term European bond yields, a factor that is not usually favorable for the euro.

According to currency market trading, the performance of the US dollar remains the most influential factor in the EUR/USD pair’s movement during the current period. The recent US jobs report marked a significant turning point, as it came in weaker than market expectations, prompting investors to reduce their bets on further interest rate hikes by the Federal Reserve this year.

Overall, the outlook remains bearish as long as the currency pair remains below the 21-day moving average and the main downtrend line. Support at 1.1325 remains the nearest target if selling pressure continues, while buyers need a clear break above key technical resistance levels to change the current picture and pave the way for a more sustainable recovery.

Trading Advice:

The EUR/USD pair may remain trapped within its current sideways range until major economic catalysts emerge. Regardless of your investment conviction to buy or sell, adherence to strict risk management and position sizing is your only key to staying in the market.

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