EUR/USD is trading at 1.1399 (+0.20%) as of July 24, 2026, during the European session, with a daily range of 1.1379 – 1.1401. The pair's modest gain follows a previous close of 1.1376, indicating a slight recovery. However, the rate remains below both the 20-day and 50-day simple moving averages at 1.1418 and 1.1505, respectively, suggesting an ongoing downtrend.

The Relative Strength Index (RSI) stands at 43.7, indicating neutral territory and neither extreme buying nor selling pressure. The Average True Range (ATR) of 0.0047 reflects the currency pair's daily volatility, implying that the current price movement is within expected ranges.

Key technical levels to watch include the pivot at 1.1405, with resistance at R1: 1.1445 and support at S1: 1.1372. The current rate is just below the pivot, suggesting potential resistance to further gains.

Given the downtrend indicated by the moving averages and the current price action, a break below S1 at 1.1372 could signal further downside. Conversely, a move above R1 at 1.1445 might indicate a short-term reversal. The upcoming US economic data releases could serve as a catalyst, potentially validating or invalidating the current trend and influencing EUR/USD's direction.