EUR/USD: Down 0.16% to 1.1191 — RSI Oversold
MarketsFN Team
EUR/USD: Down 0.16% to 1.1191 — RSI Oversold
Published: October 09, 2026 · MarketsFN Team · US Session
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | 1.1191 | -0.16% | 17.4 | 1.1359 | 1.1502 | 1.2041 | 1.1191 | 1.1202 | 1.1233 | 1.1178 |
📊 Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 1.1070 | 20d Support | ↘ descending | -1.08% / 121.3 pips |
| 1.1255 | 20d Resistance | ↘ descending | +0.57% / 64.1 pips |
| 1.1131 | 50d Support | ↘ descending | -0.54% / 60.3 pips |
| 1.1537 | 50d Resistance | ↘ descending | +3.09% / 346.2 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 1.1668 | Resistance | 2× | +4.26% / 476.4 pips |
| 1.1654 | Resistance | 2× | +4.14% / 463.2 pips |
| 1.1640 | Resistance | 2× | +4.01% / 448.8 pips |
EUR/USD is trading at 1.1191 (-0.16%), extending its downtrend as price action remains firmly below both the 20-day (1.1359) and 50-day (1.1502) SMAs — a bearish confirmation. The pair is trapped in a descending 20-day dynamic channel, with immediate resistance at 1.1255 (64.1 pips above) and support at 1.1070 (121.3 pips below). The 50-day channel mirrors this structure, with steeper resistance at 1.1537 (346.2 pips away), underscoring the entrenched bearish bias. Static levels reinforce the downside risk, with S1 at 1.1178 just 13 pips below current — a breach here could accelerate losses toward the dynamic support at 1.1070.
The RSI at 17.4 is deeply oversold, but in a strong downtrend, this often signals continuation rather than reversal. Today’s ATR of 0.0067 suggests muted intraday volatility, but the failure to hold above the pivot at 1.1202 indicates weak bullish conviction. With no static resistance closer than 1.1640 (448.8 pips away), rallies lack credible upside targets.
Near-term, watch for a break below S1 at 1.1178 to confirm downside momentum toward the 20-day dynamic support at 1.1070. Any rebound would need to clear the 20-day dynamic resistance at 1.1255 to challenge the bearish structure. The October 12 FOMC minutes could catalyze the next leg — hawkish Fed rhetoric may widen the USD’s yield advantage, pressuring EUR/USD toward yearly lows.
Disclaimer
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