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2025-07-28 18:12:36
[Technical analysis of EUR/USD] From the 4-hour candlestick chart, the exchange rate quickly retreated after forming a top pattern at the high point of 1.1788, forming an obvious "false breakthrough" structure in the short term. The recent price has dropped to 1.1657, close to the medium-term key support area formed by the previous low of 1.1556. The Bollinger Bands showed signs of "opening and enlarging", and a large negative line broke through the support range between the middle and lower Bollinger bands. The current exchange rate is running near the lower Bollinger band. The short-term trend has fallen into a strong downward trend. The MACD indicator quickly crossed below the zero axis, and the MACD histogram turned from positive to negative and continued to expand, and the trend of short-term momentum increased. The RSI index is near 38 and has not yet entered the oversold zone. There is still room for decline in the short term. Analysts believe that the key support is around 1.1630 and 1.1570. The former is the lower edge of the previous consolidation area, and the latter is close to the overlapping position of the 50-day moving average. If it falls below this area, it may further open up the downward space to 1.1555. The upper resistance is still focused on the 1.1720 and 1.1780 areas, and the rebound momentum can be restored after breaking through.
