EURUSD Analysis – September 26, 2023

EUR/USD has extended its downward movement from 1.1275 to as low as 1.0569.

Based on this price action, there is a possibility of further decline in the pair, with the next target to consider around the 1.0500 area.

Immediate resistance can be found at 1.0675. If the price manages to break above this level, it could bring the price back towards the top of the falling price channel on the 4-hour chart.

Traders should closely monitor the price movement within the falling price channel, as well as the key resistance and support levels mentioned. These levels can provide valuable insights into potential breakouts, reversals, or continuations in the market.