EUR/USD remains in a long-term bullish trend, but price action has been consolidating sideways since reaching the recent swing high on April 21, 2025.
The key support level to watch is 1.1100. This is the current swing low and a critical level for the bullish structure to hold. If the pair pulls back and finds support here, a rebound could lead to upside targets at 1.1275, then 1.1356, and eventually 1.1460 over the longer term.
However, if the price breaks below 1.1100 and closes below that level on the daily chart, the bullish outlook would be invalidated. In that case, further downside could follow, with 1.1030 as the next support, and then 1.0990.
In conclusion, EUR/USD remains bullish above 1.1100, but a confirmed break below that level would shift the outlook to bearish in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The key support level to watch is 1.1100. This is the current swing low and a critical level for the bullish structure to hold. If the pair pulls back and finds support here, a rebound could lead to upside targets at 1.1275, then 1.1356, and eventually 1.1460 over the longer term.
However, if the price breaks below 1.1100 and closes below that level on the daily chart, the bullish outlook would be invalidated. In that case, further downside could follow, with 1.1030 as the next support, and then 1.0990.
In conclusion, EUR/USD remains bullish above 1.1100, but a confirmed break below that level would shift the outlook to bearish in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.