EUR/USD: Down 0.08% to 1.1517 — Bullish — Above Key MAs
MarketsFN Team
EUR/USD: Down 0.08% to 1.1517 — Bullish — Above Key MAs
Published: July 31, 2026 · MarketsFN Team · US Session
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | 1.1517 | -0.08% | 68.4 | 1.1424 | 1.1481 | 1.2041 | 1.1358 | 1.1499 | 1.1564 | 1.1461 |
📊 Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 1.1346 | 20d Support | → flat | -1.48% / 171.0 pips |
| 1.1541 | 20d Resistance | ↗ ascending | +0.21% / 24.1 pips |
| 1.1233 | 50d Support | ↘ descending | -2.47% / 284.1 pips |
| 1.1533 | 50d Resistance | ↘ descending | +0.14% / 15.7 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 1.1779 | Resistance | 2× | +2.27% / 261.5 pips |
| 1.1729 | Resistance | 2× | +1.84% / 211.3 pips |
| 1.1668 | Resistance | 2× | +1.30% / 150.2 pips |
| 1.1505 | Support | 2× | -0.10% / 11.9 pips |
| 1.1444 | Support | 2× | -0.64% / 73.6 pips |
EUR/USD is trading at 1.1517 (-0.08%) as it navigates a narrow range following a previous close of 1.1526. The pair remains in an uptrend, positioned above both the 20-day simple moving average (SMA) at 1.1424 and the 50-day SMA at 1.1481, indicating bullish momentum. The dynamic channel analysis reveals a flat 20-day support trendline at 1.1346, which is 171.0 pips below the current rate, while the ascending 20-day resistance trendline is at 1.1541, just 24.1 pips above.
Static resistance is evident at R1, located at 1.1668, which is 150.2 pips away, while the nearest static support level, S1, is at 1.1505, only 11.9 pips below the current price. The RSI(14) at 68.4 suggests the market is in neutral territory, indicating that while the pair is not overbought, it is approaching levels that could trigger profit-taking.
In the short term, the outlook remains cautiously optimistic as the pair consolidates near the upper end of its recent range. A break above the dynamic resistance at 1.1541 could signal further bullish momentum, while a drop below S1 at 1.1505 would raise concerns about a potential reversal. Traders should watch for any significant economic data releases or geopolitical developments that could influence market sentiment and drive the pair's next move.
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only and does not constitute financial advice. All investments involve risk and past performance does not guarantee future results.
