Euro Hits the Target Zone 20/11/2025

The pair extended its slide in line with our bearish view, meeting the 1.1520 target and printing 1.1510.

Technical outlook

• Trend/SMAs: Price remains below the simple moving averages and under a descending trendline, keeping recovery attempts capped.
• RSI: Attempting to unwind oversold, but downtrend dominance persists.

Base case (bearish while below 1.1575)

• Staying beneath 1.1575 keeps downside risk in focus.
• A decisive break/4H close below 1.1510 would likely open 1.1485, then 1.1455.

Invalidation / upside toggle

• Reclaiming and holding above 1.1575 would signal a corrective bounce toward the 1.1620 key resistance.

Event risk

• U.S. NFP, unemployment rate, and average earnings today could trigger sharp volatility—consider tighter risk controls around the release.

Risk note
Backdrop remains headline-sensitive. Use prudent sizing and firm stops; reassess quickly if the key levels give way.
Risk Disclaimer: Trading CFDs involves risks, and therefore the scenarios outlined above are not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.

S1: 1.1485	R1: 1.1575
S2: 1.1455	R2: 1.1630
S3: 1.1400	R3: 1.1675