EUR/USD Price Forecast: Holds Losses Near 1.1550 As Bearish Bias Prevails

• EUR/USD may extend losses toward the seven-month low near 1.1468.

• The 14-day Relative Strength Index at 31 signals persistent bearish pressure near oversold territory.

• The initial resistance lies at the nine-day EMA of 1.1624.

EUR/USD continues to lose ground for the third consecutive day, trading around 1.1550 during the European hours on Thursday. Daily chart technical analysis indicates a persistent bearish bias as the pair moves downwards within a descending channel pattern.

The near-term bias is mildly bearish as price holds beneath the nine-day Exponential Moving Average (EMA) and extends its slide away from the flattened 50-day average, confirming fading upside momentum seen over recent weeks.

The 14-day Relative Strength Index (RSI) momentum indicator at 31 signals persistent bearish pressure near oversold territory, aligning with the decisive break below the short-term moving average cluster and pointing to sellers retaining control unless the pair recovers back above the 1.1600 area.

The EUR/USD pair may further depreciate toward the seven-month low of 1.1468, recorded on November 5, 2025. Further support lies at the nine-month low of 1.1391, aligned with the lower boundary of the descending channel.

On the upside, the initial resistance lies at the nine-day EMA of 1.1624. A break above the short-term average would improve the market bias and support the pair to test the 50-day EMA at 1.1727, followed by the upper descending channel boundary around 1.1750.

EUR/USD: Daily Chart