Euro Technical Outlook: EUR/USD Bulls Face Critical Test After Support Rebound
EUR/USD has cleared its September downtrend, but buyers still need to prove the advance can develop into a more sustained bullish reversal.
Share this:
Euro Technical Outlook: EUR/USD Multi-Timeframe Analysis
EUR/USD technical analysis shows the euro rebounding off major long-term support after a five-week slide, while its broader downtrend stays intact. Michael Boutros, StoneX Media Senior Market Analyst, walks through the euro's monthly, weekly, daily and four-hour charts and the momentum signals behind the move. Monthly RSI on EUR/USD has broken below 50 for the first time in more than a year, even as daily momentum recovers from oversold conditions. Political unrest in France has pushed the spread between French and German government bond yields wider, adding volatility to the euro. Eurozone consumer confidence and same-day U.S. and eurozone PMI releases bring the next round of event risk for the pair.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
EUR/USD Economic Data Releases
Economic Calendar - latest economic developments and upcoming event risk.
Active Short-term Technical Video Updates
- US Dollar Technical Outlook: DXY, Treasury Yields Retreat Despite Hot CPI
- Australian Dollar Technical Outlook: AUD/USD Trend Break Faces Immediate Test
- British Pound Technical Outlook: GBP/USD Bulls Fight to Stabilize at Critical Support
- Canadian Dollar Technical Outlook: USD/CAD Five-Week Rally Sets Up Major Breakout Test
- Gold Technical Outlook: XAU/USD Selloff Tests Critical Support
- Swiss Franc Technical Outlook: USD/CHF Bulls Attempt to Regroup After Sharp Reversal
--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
Related tags:
Open an account in minutes
Experience award-winning platforms with fast and secure execution.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
US Dollar Forecast: AUD/USD, Gold, EUR/USD Under Pressure
Could the US dollar rally accelerate? Matt Simpson examines the outlook for DXY, AUD/USD, EUR/USD and gold, plus key technical levels across forex markets.
GBP/USD approaches breaking point as US yields surge
A historic repricing of US interest rate expectations has propelled the dollar higher, leaving GBP/USD testing a crucial support level ahead of UK GDP.
Japanese Yen Short-term Outlook: USD/JPY Breakout Hits 10-Week Highs—160 in Focus 11 11 2026
USD/JPY bulls need a decisive close above trend resistance to sustain the advance, with hotter U.S. inflation adding urgency to the test.
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.