Euro stable below resistance levels 21/11/2025

EUR/USD — 4H Technical Update

The downtrend remains in control, with price grinding lower.

Technical outlook

• Trend/SMAs: Price holds below the simple moving averages and under a descending trendline, keeping upside attempts capped.
• RSI: Elevated relative to weak price action, hinting at bearish divergence and fading momentum.

Base case (bearish while below 1.1560/1.1575)

• Staying beneath 1.1560—and more decisively 1.1575—keeps downside risk in focus.
• A decisive break/4H close below 1.1510 would likely target 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

• PMIs today: UK Retail Sales; prelim Manufacturing/Services PMI for the UK, Eurozone, and US. Expect elevated volatility around the releases.

Risk note
Backdrop remains headline-sensitive. Use prudent sizing and firm stops; reassess quickly if the trigger 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