Aetram Global Research: EURUSD (Euro vs US Dollar) Technical Research Report - 02.11.2026

Aetram Global Research: EURUSD (Euro vs US Dollar) Technical Research Report

EURUSD Recovery Strengthens Above 1.1170; Clearing 1.1210 May Target 1.1230 While 1.1155 Failure Risks Renewed Weakness

• Chart Name: EURUSD (Euro vs US Dollar)
• Current Market Price: 1.11850
• Current Trend: EURUSD is rebuilding bullish momentum after establishing a higher-low recovery sequence.
• Trend Dominance: Bulls control immediate momentum, while broader confirmation still depends on clearing overhead resistance.

CHART OUTLOOK & PREDICTION

• EURUSD has advanced from the 1.1120 base and reclaimed the 1.1155–1.1170 major moving-average cluster, strengthening its recovery structure. RSI at 63.13 reflects constructive momentum, MACD remains positive, and ADX at 43.17 confirms firm directional strength. Holding 1.1170 may support another 1.1210 test; above it could expose 1.1230, while 1.1155 failure would weaken recovery quality.

UPCOMING EVENTS

• U.S. JOLTS may pressure EURUSD if labour demand remains resilient (Negative Catalyst)
• U.S. employment report could support EURUSD if job growth disappoints (Positive Catalyst)
• U.S. CPI may support euro if inflation pressures moderate materially (Positive Catalyst)

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 1.1170 / 1.1155 / 1.1135
• Resistance Levels: 1.1190 / 1.1210 / 1.1230

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory has improved as EURUSD develops higher lows from the 1.1120 base and pushes above nearby averages. Participation strengthened during the recovery, while positive MACD, firm RSI and elevated ADX confirm momentum. Sustained strength beyond 1.1210 would reinforce the developing higher-high sequence.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 1.1210, price may move toward the 1.1230–1.1260 zone.
• Bearish Scenario: Below 1.1155, downside risk could extend toward the 1.1135–1.1120 zone.
• Neutral Scenario: Between 1.1155–1.1210, consolidation within the recovery structure may remain likely.

FINAL TAKEAWAY

• EURUSD is showing a materially improved recovery structure, supported by stronger momentum and positive moving-average positioning. Holding 1.1155–1.1170 keeps the recovery constructive toward 1.1210–1.1230, while renewed weakness beneath 1.1155 would question the durability of the current bullish sequence.

CAUTION NOTES

• All Positivity Negates on breaking below 1.1155.
• All Negativity Negates on breaking above 1.1210.

DISCLAIMER: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.