Today Eur/USD Techicla Analycis.

6 nov

For today’s EUR/USD technical analysis, the outlook remains neutral with further potential downside in the short term. Key levels to watch include the 1.0871 resistance, which, if broken, could signal a reversal and shift bias to the upside. However, if EUR/USD breaks below 1.0760, the pair may continue its decline, targeting the 61.8% Fibonacci retracement at 1.0740. A firm break below this level could point towards further weakness, with the next support at 1.0601. On the broader scale, the downtrend from 1.1213 could continue, with the 50% retracement at 1.0404 providing potential support​