EUR/USD: Up 0.29% to 1.1621 — Ascending Channel
MarketsFN Team
EUR/USD: Up 0.29% to 1.1621 — Ascending Channel
Published: September 03, 2026 · MarketsFN Team · US Session
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | 1.1621 | +0.29% | 57.8 | 1.1604 | 1.1503 | 1.2041 | 1.1358 | 1.1587 | 1.1609 | 1.1566 |
📊 Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 1.1570 | 20d Support | ↗ ascending | -0.44% / 51.0 pips |
| 1.1746 | 20d Resistance | ↗ ascending | +1.08% / 125.1 pips |
| 1.1548 | 50d Support | ↗ ascending | -0.62% / 72.3 pips |
| 1.1779 | 50d Resistance | ↗ ascending | +1.36% / 158.5 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 1.1779 | Resistance | 2× | +1.36% / 158.1 pips |
| 1.1729 | Resistance | 2× | +0.93% / 107.9 pips |
| 1.1668 | Resistance | 2× | +0.40% / 46.8 pips |
| 1.1616 | Support | 2× | -0.04% / 4.7 pips |
| 1.1575 | Support | 3× | -0.40% / 46.1 pips |
| 1.1505 | Support | 2× | -0.99% / 115.3 pips |
EUR/USD is trading at 1.1621 (+0.29%), extending its grind higher within a well-defined ascending channel as both 20-day and 50-day dynamic trendlines slope upward. The pair is now trading above both its 20-day SMA (1.1604) and 50-day SMA (1.1503), confirming the short-to-medium-term uptrend. Immediate dynamic support sits at 1.1570 (-51.0 pips), while overhead dynamic resistance looms at 1.1746 (+125.1 pips) — a break above which could accelerate gains toward the 50-day channel top at 1.1779 (+158.5 pips).
Static levels show congestion near current prices, with S1 at 1.1616 (-4.7 pips) acting as intraday support and R1 at 1.1668 (+46.8 pips) as the nearest resistance. The RSI at 57.8 suggests neutral momentum, leaving room for further upside before overbought conditions emerge. With the ATR(14) at 0.0046, today’s 47-pip range (1.1583–1.1630) is in line with recent volatility.
The short-term bias remains bullish as long as price holds above the 20-day SMA (1.1604) and the ascending dynamic support at 1.1570. A close above R1 (1.1668) would confirm bullish continuation toward the 20-day dynamic resistance (1.1746). Conversely, failure to hold S1 (1.1616) could trigger a retest of the 20-day SMA. The US session’s price action relative to 1.1616 will be key — a rejection here would signal persistent buying pressure.
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