Technical analysis of EUR/USD 07/18/2025
The EUR/USD pair on the daily timeframe (1D) is currently in a correction phase after reaching the yearly high at 1.1820.
The current price is 1.1620.
Price action remains within the ascending channel, but the bullish momentum is weakening. A break below the local trendline (blue) would generate a technical signal for a deeper correction toward 1.1210 — where the 38.2% Fibonacci level and the 100-day moving average (MA100) align.
The nearest support is at 1.1445.
Both MA100 and MA200 are sloping upward and remain below the current price, confirming the preservation of the medium-term uptrend. RSI is around 50, indicating a neutral zone.
Resistance is at 1.1820. Only a confirmed breakout above this level would signal a continuation of the bullish trend. Until then, the corrective scenario remains in play.
Created by Joshua Hayn
Did you like this article? Share it with your friends!
Leave a Reply