EURUSD Technical Update
· Forex · QuoteReporter
EURUSD Technical Update
Published: November 28, 2025
Technical Analysis
MARKET OVERVIEW:
The EURUSD pair is currently trading at 1.15603 and is exhibiting mixed trends across different timeframes. While the short-term and long-term trends are bullish, the medium-term trend is bearish as per the moving averages. The pair is poised between significant support and resistance levels, suggesting a cautious market scenario.
TREND ANALYSIS:
In the short-term, the market is in an uptrend as the current price (1.15603) is slightly above the 21-day moving average (1.15575). However, the medium-term trend is bearish, as the price is below the 50-day moving average (1.16192). Looking at the long-term perspective, the market is bullish as the price is higher than the 200-day moving average (1.14316).
SUPPORT AND RESISTANCE ANALYSIS:
The nearest support level (S1) is at 1.15220, which is slightly below the current price. This level might provide an immediate floor for the price and could attract buying interest. The second support (S2) at 1.14998 and the third (S3) at 1.14030 are further below and could halt any significant downward movement.
On the upside, the immediate resistance (R1) is at 1.16086. A break above this level could pave the way for a test of the next resistance (R2) at 1.16472. The highest resistance (R3) is at 1.22180, which is significantly above the current price. The R1 and R2 levels are critical for traders to watch as they might cap any short-term rallies.
FIBONACCI LEVEL ANALYSIS:
The current price is near the 23.6% Fibonacci retracement level (1.15070) of the uptrend from 1.01768 to 1.19179. This level acts as immediate support. The next significant Fibonacci support is at the 38.2% level (1.12528), which is significantly below the current price.
OVERALL TECHNICAL OUTLOOK:
The overall technical outlook for EURUSD is neutral with a bullish bias. The mixed trend signals coupled with the nearness to support and resistance levels suggest a cautious market. However, the bullish short-term and long-term trends could result in upward movement if the pair successfully breaks above the immediate resistance level (R1) at 1.16086. Traders should watch the immediate support and resistance levels closely for any breakout or breakdown signals.
Fibonacci Retracement Levels
UPTREND Movement (247 days)
Starting Point (100%): 1.01768 on January 13, 2025
Ending Point (0%): 1.19179 on September 17, 2025
| Level | Price | Distance | Status |
|---|---|---|---|
| 0.0% | 1.19179 | +0.03576 (+3.09%) | RESISTANCE ↑ |
| 23.6% | 1.15070 | -0.00533 (-0.46%) | SUPPORT ↓ |
| 38.2% | 1.12528 | -0.03075 (-2.66%) | SUPPORT ↓ |
| 50.0% | 1.10473 | -0.05130 (-4.44%) | SUPPORT ↓ |
| 61.8% | 1.08419 | -0.07184 (-6.21%) | SUPPORT ↓ |
| 78.6% | 1.05494 | -0.10109 (-8.74%) | SUPPORT ↓ |
| 100.0% | 1.01768 | -0.13835 (-11.97%) | SUPPORT ↓ |
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