Negative Momentum Grips the Euro — Will Key Support Break? 22/10/2025

EUR/USD extended its decline last session, with sellers repeatedly pressuring the 1.1600 psychological floor amid a persistent short-term downtrend.

Technical:
Price is tracking a descending sub-channel and remains below the downtrend line, while simple moving averages cap rallies as dynamic resistance—all consistent with continued seller control. RSI is nearing oversold, which could prompt a brief pause or shallow bounce to relieve downside momentum before trend pressure resumes.

Base case:
Maintaining below 1.1650 keeps the bearish bias intact. A decisive break under 1.1600 would likely extend losses toward 1.1575, then 1.1530.

Alternative:
A clear reclaim and hold above 1.1650 would temper the downside and allow a retest of 1.1690, though the broader tone stays fragile unless higher levels are secured.

Risk:
Trade/geopolitical headlines can trigger abrupt two-way moves. Use disciplined sizing and clear invalidation levels; conditions may not suit all risk profiles.

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: 1.1575	R1: 1.1650
S2: 1.1530	R2: 1.1690
S3: 1.1495	R3: 1.1720