Tuesday, 02 January 2024 12:17 GMT

EUR/USD Analysis 20/11:After Successfully Breaking Support A


(MENAFN- Daily Forex) Thursday, November 20, 2025: Analysis of euro price against the dollar EUR/USD

EUR/USD Analysis Summary Today
  • Overall Trend:: Bearish.
  • Support Levels for EUR/USD Today: 1.1500 – 1.1440 – 1.1380
  • Resistance Levels for EUR/USD Today: 1.1590 – 1.1650 – 1.1780

EUR/USD Trading Signals:
  • Buy EUR/USD from the support level of 1.1460 with a target of 1.1800 and a stop-loss at 1.1390.
  • Sell EUR/USD from the resistance level of 1.1665 with a target of 1.1400 and a stop-loss at 1.1780.
Technical Analysis of EUR/USD Today:

With losses of -0.48%, the EUR/USD price collapsed during yesterday's trading session (Wednesday), with losses extending to the 1.1517 support level, and it is stabilizing around its losses at the time of writing this analysis, which may pave the way for a bearish weekly close. According to performance across trusted trading company platforms, the US Dollar has recovered strongly against the other major currencies amid fading market expectations for future US interest rate cuts during the final meeting of 2025. The content of the Federal Reserve's latest meeting minutes, released yesterday, showed a clear division among committee members regarding the chances of a cut.

Conversely, forecasts suggest that the European Central Bank (ECB) is likely to keep interest rates unchanged until the end of 2026, given that inflation remains close to its 2% target, economic growth is stable, and unemployment has fallen to record lows. The ECB kept interest rates unchanged in October for the third consecutive meeting Signals for the Euro/Dollar Continue

Dear reader, according to Forex currency market trading, the successful move by the bears to push the Euro/Dollar pair below the 1.1500 support level will increase the strength of the bearish outlook. Yesterday's losses pushed the 14-day Relative Strength Index (RSI) toward a reading of 40, and if selling pressure increases, it is on its way toward oversold territory. At the same time, the MACD indicator lines are steadily leaning downward, supporting the bears' control. The Euro/Dollar will remain on a downward path until the market reacts to the announcement of the US jobs figures, which directly affect the future of the Federal Reserve's policy, especially after the longest government shutdown in US history.

Tecnnically, a bullish scenario for the EUR/USD on the daily chart requires a move towards the psychological resistance level of 1.1800. Otherwise, the overall outlook will remain bearish.

Trading advice:

Dear TradersUp trader, the EUR/USD is under selling pressure and is likely to test stronger lows before considering buying again interest rates be cut in December 2025?

The majority of US Federal Reserve policymakers in late October expressed support for further US interest rate cuts, though not all committed to making a cut at their next meeting in December, according to the minutes released yesterday (Wednesday). Meanwhile, several officials said it was "likely to be appropriate" to keep interest rates "unchanged for the rest of the year," signaling sharp divisions among policymakers on the central bank's next steps.

US interest rate cuts implemented by the Federal Reserve typically lead, over time, to lower borrowing costs for mortgages, auto loans, and credit cards.

Overall, Fed officials are sharply divided on the biggest threat to the economy: weak employment or persistently high inflation. If a slowing labor market is the greater threat, the Fed typically cuts U.S. interest rates further. But it combats inflation by keeping interest rates high, or even raising them. Federal Reserve Chairman Jerome Powell revealed deep divisions among the 19 members of the interest rate-setting committee at a press conference following the October 28-29 meeting. The minutes were released after the usual three-week delay.

Concurrently, the minutes also stated that“participants expressed sharply divergent views” on whether the Fed should cut interest rates at its December 9-10 meeting. The U.S. central bank had already lowered its benchmark interest rate to around 3.9% at its last meeting in October, down from 4.1%, marking its second cut this year. In September, the Fed projected three U.S. interest rate cuts this year, in September, October, and December.

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EURUSD Chart by TradingView

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