EUR/USD Is Testing Key Resistance

EUR/USD faces resistance at 1.1720 and support at 1.1630. Here’s what these key levels mean for the euro’s next move.

Mohannad Said

Head of Analysis Department

Published on

August 24, 2026

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Euro vs US Dollar

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The euro’s price action against the US dollar shows that its advance has stalled at or near the 1.1720 price resistance level, which represents an extension of a descending trendline resistance. The euro has attempted to break above this level on two previous occasions. This comes amid significant market volatility and uncertainty surrounding market movements, particularly the US Dollar Index, following a rise in government bond yields to their highest levels in around 20 years.

A break above the 1.1720 resistance level could signal further positive momentum for the euro toward the historical and significant 1.2000 resistance level. Meanwhile, levels around 1.1630 appear to be acting as support, particularly as they represent the 200-session moving average.

Therefore, the euro is currently trading within a range between resistance near 1.1720 and support around 1.1630. This is the key range to monitor in the coming sessions, with particular attention to how price reacts at these levels.

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Mohannad Said

Head of Analysis Department

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