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EURUSD Technical Analysis – 11 Aug, 2026
EURUSD – At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026
At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026, signalling renewed bearish momentum after failing to sustain gains above 1.1600. The decline reflects dollar strength amid firm U.S. yields, while euro sentiment remains pressured by sluggish growth data. Technically, the low coincides with the 200-day moving average, a critical support zone that has historically attracted buying interest. Momentum indicators show bearish bias, with RSI trending lower but not yet oversold, suggesting room for further downside. A decisive break below 1.1530 could expose 1.1500, while recovery above 1.1580 would ease immediate selling pressure.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
EURUSD – At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026
At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026, signalling renewed bearish momentum after failing to sustain gains above 1.1600. The decline reflects dollar strength amid firm U.S. yields, while euro sentiment remains pressured by sluggish growth data. Technically, the low coincides with the 200-day moving average, a critical support zone that has historically attracted buying interest. Momentum indicators show bearish bias, with RSI trending lower but not yet oversold, suggesting room for further downside. A decisive break below 1.1530 could expose 1.1500, while recovery above 1.1580 would ease immediate selling pressure.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
