The Euro Remains Within a Bearish Corrective Path 3/2/2026

The EUR/USD pair advanced during intraday trading, attempting to recover part of the losses from previous sessions, and is currently stabilizing around the 1.1800 level.

Technical Outlook – 4-Hour Chart

Momentum indicators are offering some support, as the Relative Strength Index (RSI) is working to ease oversold conditions and is beginning to generate positive signals.

However, despite these recovery attempts, the simple moving averages (SMAs) continue to apply downward pressure on price action, acting as dynamic resistance and limiting the scope for further upside.

Within the broader context, the pair remains locked in a downward corrective structure, keeping the daily trend biased to the downside.

Preferred Technical Scenario

As long as trading remains below the 1.1840 resistance level — and more broadly beneath 1.1850 — the bearish scenario remains the preferred outlook. Under this scenario, downside targets stand at 1.1760 initially, followed by 1.1710.

On the other hand, a sustained hourly close above 1.1870 would temporarily invalidate the bearish bias and could trigger recovery attempts, with scope for a move toward 1.1935.

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: 1.1760	R1: 1.1870
S2: 1.1710	R2: 1.1935
S3: 1.1650	R3: 1.1980