EUR/USD: Up 0.12% to 1.1627 — Bullish — Above Key MAs
MarketsFN Team
EUR/USD: Up 0.12% to 1.1627 — Bullish — Above Key MAs
Published: September 07, 2026 · MarketsFN Team · US Session
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | 1.1627 | +0.12% | 57.5 | 1.1611 | 1.1512 | 1.2041 | 1.1358 | 1.1610 | 1.1635 | 1.1587 |
📊 Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 1.1578 | 20d Support | ↗ ascending | -0.42% / 49.2 pips |
| 1.1717 | 20d Resistance | → flat | +0.78% / 90.3 pips |
| 1.1587 | 50d Support | ↗ ascending | -0.34% / 40.0 pips |
| 1.1793 | 50d Resistance | ↗ ascending | +1.43% / 166.1 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 1.1779 | Resistance | 2× | +1.31% / 151.9 pips |
| 1.1729 | Resistance | 2× | +0.88% / 101.7 pips |
| 1.1668 | Resistance | 2× | +0.35% / 40.6 pips |
| 1.1616 | Support | 2× | -0.09% / 10.9 pips |
| 1.1575 | Support | 3× | -0.45% / 52.3 pips |
| 1.1505 | Support | 2× | -1.05% / 121.5 pips |
EUR/USD is trading at 1.1627 (+0.12%), holding above both the 20-day SMA (1.1611) and 50-day SMA (1.1512), confirming the pair's uptrend remains intact. The price action is currently testing the upper bounds of a sideways 20-day dynamic channel, with immediate resistance at 1.1717 (90.3 pips above) and support at 1.1578 (49.2 pips below). The broader 50-day channel is ascending, with resistance at 1.1793 (+166.1 pips) and support at 1.1587 (-40.0 pips), reinforcing the bullish bias.
Static levels show nearby support at S1 (1.1616, -10.9 pips) and resistance at R1 (1.1668, +40.6 pips), with a break above R1 potentially accelerating gains toward R2 (1.1729). The RSI at 57.5 remains neutral, suggesting room for further upside before overbought conditions emerge.
Short-term, the pair is poised for a test of R1 (1.1668), with a sustained break confirming bullish momentum toward the 20-day dynamic resistance (1.1717). However, failure to hold above S1 (1.1616) could see a retest of the 20-day SMA (1.1611) and deeper support at S2 (1.1575). The key catalyst will be whether US session flows can push EUR/USD beyond the 1.1635 intraday high, which would open the path toward R1. A close below 1.1610 (pivot) would signal near-term exhaustion.
Disclaimer
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