2026-02-27 03:38:00
EUR/USD is chillin’ like a villain near a key inflection point that could help extend the pair’s 2026 gains.
Will this area of interest hold and attract fresh buying pressure?
Here’s what we’re seeing on the daily time frame:
Easing concerns around U.S. tariff policies and fading jitters over the European Central Bank’s leadership helped steady the euro, even as the region continued to deliver mixed mid-tier data.
Meanwhile, the U.S. dollar is struggling to build momentum as traders stay cautious around the U.S.-Iran conflict and ongoing legal challenges to Trump’s tariff regime.
With EUR/USD revisiting a key technical support zone, will the next few trading sessions provide enough fuel for another upswing in the pair?
Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on the euro and the U.S. dollar, then it’s time to check out the economic calendar and stay updated on daily fundamental news!
EUR/USD, which turned lower from the 1.2050 area in late January, has since worked its way down to the 1.1800 psychological level, where buyers have stepped in and provided steady support.
As you can see, the 1.1800 area lines up with the 61.8% Fibonacci retracement of the 2026 upswing and marks a former resistance area from the second half of 2025, making it a technically meaningful level.
If the pair can sustain trade above 1.1850, it would strengthen the case for a push back toward 1.1920, with 1.2000 and 1.2050 next on the radar as prior areas of interest.
However, a series of red daily candles and a decisive break below 1.1800 would shift the focus lower toward 1.1700, where the 100 and 200 SMAs converge with a rising trend line support.
Whichever bias you end up trading, don’t forget to practice proper risk management and stay aware of top-tier catalysts that could influence overall market sentiment.
Disclaimer:
Please be aware that the technical analysis content provided herein is for informational and educational purposes only. It should not be construed as trading advice or a suggestion of any specific directional bias. Technical analysis is just one aspect of a comprehensive trading strategy. The technical setups discussed are intended to highlight potential areas of interest that other traders may be observing. Ultimately, all trading decisions, risk management strategies, and their resulting outcomes are the sole responsibility of each individual trader. Please trade responsibly.
Promoted: The Analysis & Strategy are only half the Battle; Your Mindset is the Rest.
Today’s chart art highlights EUR/USD’s 1.1800 support. But as any pro will tell you, a great setup can still fail if the trader lacks the discipline to execute around it well.
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