Technical analysis EURUSD for 24.06.2026
The pair continues to respect the broader downtrend but shows signs of a technical upward correction toward the key pivot at 1.1380.
The pair continues to respect the broader downtrend but shows signs of a technical upward correction toward the key pivot at 1.1380. Bears must defend this zone firmly to prevent a further advance to 1.1420, which would question the viability of continued downside momentum.
Key Levels:
□ 1.1380 – Pivot resistance
□ 1.1420 – Next resistance
□ 1.1330–1.1340 – Immediate support
Primary Scenario:
Pullback to 1.1380, followed by a renewed decline toward 1.1330–1.1340.
Alternative Scenario:
Break and sustained move above 1.1380, targeting 1.1420.
Analyst Commentary:
The current risk-to-reward ratio is unfavorable, making safe entries from present levels impractical. It is advisable to wait for the market’s reaction at the 1.1380 level before considering new positions.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.