EUR/USD Price Analysis: Friday’s Doji probes bears near 1.1450

EUR/USD fades bounce off 16-month low, struggles to justify bullish candlestick formation.
Oversold RSI conditions, multiple supports challenge further downside.
Previous support line from October, 10-DMA will test corrective pullback.

Anil Panchal FXStreet

EUR/USD remains pressured around the lowest level since July 2020, lackluster near 1.1445 during Monday’s initial Asian session. In doing so, the major currency pair struggles to justify the previous day’s Doji candlestick formation suggesting a corrective pullback.

Even so, nearly oversold RSI conditions and multiple supports to the downside keep EUR/USD buyers hopeful to challenge the support-turned-resistance line from October, near 1.1485.

Should the quote’s anticipated rebound crosses the 1.1485 hurdle, the 10-DMA figure of 1.1517 will test the pair buyers ahead of directing them to the monthly high near 1.1620.

It’s worth noting that the EUR/USD bulls will remain doubtful until witnessing a clear break of October’s high around 1.1695.

Meanwhile, the further downside will aim for the previous day’s low of 1.1432, a break of which will direct EUR/USD towards the June 2020 top, surrounding 1.1422.

In a case where the pair remains weak past 1.1422, a descending support line from June, near 1.1410 and the 1.1400 threshold will be in the spotlight.

To sum up, EUR/USD bears seem to be tired and Friday’s Doji may trigger the much-awaited rebound considering RSI conditions. However, multiple hurdles do challenge the bull’s entry.

EUR/USD: Daily chart

Trend: Corrective pullback expected

Additional important levels

Overview
Today last price	1.1444
Today Daily Change	-0.0002
Today Daily Change %	-0.02%
Today daily open	1.1446

Trends
Daily SMA20	1.1584
Daily SMA50	1.1646
Daily SMA100	1.1726
Daily SMA200	1.1878

Levels
Previous Daily High	1.1462
Previous Daily Low	1.1433
Previous Weekly High	1.1609
Previous Weekly Low	1.1433
Previous Monthly High	1.1692
Previous Monthly Low	1.1524
Daily Fibonacci 38.2%	1.1444
Daily Fibonacci 61.8%	1.1451
Daily Pivot Point S1	1.1432
Daily Pivot Point S2	1.1418
Daily Pivot Point S3	1.1403
Daily Pivot Point R1	1.1461
Daily Pivot Point R2	1.1476
Daily Pivot Point R3	1.1491

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

GBP/USD stays defensive near 1.3300 amid pre-Fed market caution

GBP/USD stays defensive near 1.3300 in the European session on Tuesday. The pair struggles as the US Dollar (USD) sits at monthly highs amid market caution ahead of the two-day US Federal Reserve monetary policy meeting, starting later this Tuesday.

EUR/USD hangs close to monthly lows near 1.1350 on USD strength

EUR/USD is consolidating near the monthly trough, trading near mid-1.1300s in the European morning on Tuesday, undermined by persistent US Dollar demand. Traders seem hesitant and await the outcome of a two-day FOMC policy meeting before placing aggressive directional bets.

Gold sticks to intraday losses below $4,050 as focus remains on FOMC meeting

Gold maintains its offered tone through the Asian session on Tuesday and currently trades just below $4,050, down 0.85% for the day. This follows the previous day's failure to find acceptance above the $4,100 mark and suggests that the path of least resistance for the bullion remains to the downside.

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Asian stocks including KOSPI slide as AI doubts hit chipmakers

Asian stocks fall sharply on Tuesday as mounting skepticism over the massive financial returns on artificial intelligence spending triggered a widespread sell-off across global semiconductor shares. The tech-driven downturn rippled from Wall Street into Asian markets, while investors shifted toward safety, driving bond prices higher and sending oil lower.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.