The currency for EUR/USD has broken the bearish flag formation downwards and is trading near 1.1380. This sent another technical signal that the prevailing downward trend continues and buyers are unable to take control of the market. The negative picture is thus supported by repeated sleepless attempts to return above the 20-day moving average (SMA). Every attempt at growth was rejected in this area, which confirms that the selling pressure remains dominant, and the short-term effect is currently the reason for opening new short positions. According to technical indicators, bearish scn. The RSI is holding below the neutral limit of 50, which confirms the strength of the sellers, while the stochastic oscillator continues in a downward direction and indicates that the space for further weakening has not yet been exhausted. The closest support is the area around 1.1375. Its breakthrough could open the way for a drop to the recent minimum at 1.1325. If even this level fails to stop the selling pressure, a significant target area would become support written from the end of May 2025 between 1.1210 and 1.1250. This brand represents one of the most important technical supports in the medium term. On the upside, the 20-day moving average (SMA) near 1.1420 forms a key resistance. A sustained retracement above this level would invalidate the current bearish breakout and signal a retracement to the consolidation potential of the original flag formation. The overall technical picture of EUR/USD is negative. The breakout of the bearish flag confirms the continuation of the downward trend, and as long as the rate remains below the 20-day moving average, there is still a risk of a fall towards 1.1325 and then to the area of 1.12101.1250.
EURUSD.fxDaily-14.7.2026 Author of the link: Line Bin, external analyst, InstaForex.eu Please note: This information is provided to non-professional and professional clients as part of marketing communications. It does not contain and should not be understood as investment advice or investment recommendations, nor an offer or invitation to engage in any transaction or strategy with financial instruments. Past performance is not a guarantee or a predictor of future performance. Instant Trading EU Ltd. assumes no responsibility for the accuracy or completeness of the information provided or any loss resulting from any investment based on analysis, prediction or other information. Any business decision is always only an independent and influenced decision of the client. Warning against risks: Distribution contracts are complex tools and, as a result of the use of financial leverage, they are associated with a high risk of rapid financial loss. In 81.62% of the retail investors, the trading with installment contracts with this provider led to a loss. You should make sure you understand how the installment contract works and whether you can afford the high risk of losing your funds.
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