Aetram Global Research: EURUSD (Euro vs US Dollar) Technical Research Report - 03.11.2026

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

EURUSD Bulls Retain Modest Control Above 1.1170; Strength May Reach 1.1230 While Breakdown Risks 1.1155

• Chart Name: EURUSD (Euro vs US Dollar)
• Current Market Price: 1.12000
• Current Trend: EURUSD remains constructive above reclaimed averages while momentum consolidates beneath nearby resistance.
• Trend Dominance: Bulls retain a modest advantage, though upside conviction remains limited below 1.1210.

CHART OUTLOOK & PREDICTION

• EURUSD is holding above the 1.1170–1.1180 major moving-average cluster after recovering from the 1.1120 region. RSI at 51.23 is neutral, MACD is almost flat, and ADX at 18.64 signals weak trend conviction. Sustaining 1.1180 may support another 1.1210 test; above it could expose 1.1230, while 1.1170 failure may reopen 1.1155.

UPCOMING EVENTS

• U.S. JOLTS weakness may reduce dollar support and aid EURUSD (Positive Catalyst)
• Strong October U.S. employment data could pressure EURUSD through dollar strength (Negative Catalyst)
• Softer October U.S. CPI may support EURUSD through lower yields (Positive Catalyst)

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 1.1180 / 1.1170 / 1.1155
• Resistance Levels: 1.1210 / 1.1230 / 1.1260

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory has improved as EURUSD develops higher lows from the 1.1120 base, but the latest sequence lacks a decisive higher high. Price holds above nearby averages, while neutral RSI, flat MACD and low ADX favour consolidation until 1.1210 is cleared.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 1.1210, price may move toward the 1.1230–1.1260 zone.
• Bearish Scenario: Below 1.1170, downside risk could extend toward the 1.1155–1.1135 zone.
• Neutral Scenario: Between 1.1170–1.1210, consolidation around the recovery structure may remain likely.

FINAL TAKEAWAY

• EURUSD retains an improving recovery structure above 1.1170–1.1180, but momentum remains balanced rather than strongly bullish. Acceptance above 1.1210 may strengthen upside scope toward 1.1230–1.1260, while sustained weakness below 1.1170 would weaken the developing higher-low sequence.

CAUTION NOTES

• All Positivity Negates on breaking below 1.1170.
• 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.