EURUSD Technical Analysis: EURUSD Pulls Back After Rejection at Key Resistance - XS
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EURUSD Technical Analysis: EURUSD Pulls Back After Rejection at Key Resistance

Date Icon 26 March 2026
Review Icon Written by: Linh Tran
Time Icon 3 minutes
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Article Summary

EURUSD has posted a positive signal on the H4 timeframe after breaking the descending trendline, indicating that short-term selling pressure is weakening. However, the failure to break the sequence of lower highs means a trend reversal has not yet been confirmed. Price is currently pulling back from the 1.1625–1.1640 resistance zone and approaching key support around 1.1510–1.1525, which will likely determine the next directional move.

On the H4 timeframe, EURUSD has shown signs of improvement after breaking above the previous descending trendline, indicating that short-term selling pressure is weakening. However, this shift is not yet sufficient to confirm a trend reversal, as the sequence of lower highs has not been fully broken.

EURUSD has shown signs of improvement after breaking the descending trendline, but the overall structure has yet to confirm a trend reversal, leaving short-term price action highly dependent on reactions at key support levels.

Currently, price is moving within a short-term ascending channel following the rebound from the low around 1.1411, reflecting a corrective recovery. The previous upward move tested a key resistance zone around 1.1625–1.1640, where prior supply and recent rejection levels converge. However, price was rejected from this area and has since pulled back to the support zone around 1.1555–1.1566. In a continuation of the corrective scenario, EURUSD may extend its decline toward the lower support zone at 1.1510–1.1525, which also aligns with the short-term ascending trendline.

The 1.1510–1.1525 support zone is crucial for the short-term structure. If price holds above this area and shows signs of a rebound, the recovery could resume with a move back toward the 1.1625–1.1640 resistance zone. Conversely, a clear break below this support could trigger renewed selling pressure, opening the door for EURUSD to retest lower levels around 1.1450.

26.3.2026

EURUSD

(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)

Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.

 

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This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.

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