3 min readWelcome to today’s daily technical update on EUR/USD.
EUR/USD is currently forming a clear range-bound structure, providing a well-defined framework for monitoring price action going into the weekly close.
- Range Lows: ~1.12700
- Range EQ (Equilibrium): ~1.14000
- Range Highs: ~1.15700
The range low at 1.12700 sits right at the top of the broader high timeframe support zone, which previously acted as the upper boundary of the higher timeframe range.
A break below this level could open the door for further downside, with the next significant level of interest being the 1.10800 breakout zone—a key area that has yet to be retested since the last major push upward.
On the other hand, a reclaim of the range EQ at 1.14000 could support a move higher, targeting the range highs at 1.15700 as the next upside level.
As the week wraps up, the development within this range may play an important role in shaping next week’s directional bias—especially if a breakout or breakdown occurs early in the new session.
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