
Uniglobe Markets
June 18, 2025 at 06:28 AM
*EUR/USD Technical Overview*
The EURUSD pair is currently attempting a technical recovery after a sharp sell-off that broke through the 1.1550 zone. Although a brief rebound is underway, the broader structure indicates a shift from bullish to neutral-bearish in the short term. The RSI is gradually rising from the oversold area but remains subdued. Price is testing the lower EMA bands, which could act as dynamic resistance.
Support and Resistance Levels
Support: 1.1480, 1.1420
Resistance: 1.1530, 1.1585
Buy Scenario
A confirmed breakout above 1.1585 with sustained momentum may revive bullish interest toward 1.1630 and beyond.
Sell Scenario
If price fails to reclaim 1.1530 and drops below 1.1480, bearish pressure may resume, targeting 1.1420.
