Technical Analysis – EURUSD bearish breakdown tests key support near 1.1450
EURUSD under bearish pressure, testing key support at 1.1450. Signs of selling fatigue signal a potential rebound. Bulls eye 1.1500+.Break below 1.1410 risks deeper losses.
XM Group
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80 days ago
Overview: EURUSD is stabilising after dropping to a near three-month low. While price remains below key SMAs, confirming a bearish structure, the 1.1450 support zone, aligned with the lower Bollinger band, may act as a base for a potential rebound.
Momentum: Indicators still point to downside pressure, though signs of selling fatigue suggest the decline may be weakening, raising the likelihood of a short-term recovery.
Main scenario: A break above 1.1500, followed by a move toward 1.1600, could confirm a rebound and open the path toward 1.1700 (upper Bollinger Band).
Risk: A break below 1.1410 would invalidate the rebound scenario and expose deeper losses toward multi-month lows, reinforcing the prevailing downtrend.
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