- January 26, 2026
- Posted by: EWGFX
- Category: Technical analysis
The bullish trend on EURUSD is still active
At the same time a bearish scenario remains possible due to the strong rally and Selling is not recommended without confirmation
A clear change of character is required with a break below 1.18445 If confirmed the first target is 1.17765 followed by 1.17288
Full Analysis
EURUSD continues to trade within a bullish structure and the upward structure has not been broken yet
However the strength of the recent rally keeps the bearish scenario valid as a potential corrective or reversal phase
Selling at current levels is not advised
Despite the extended upside move there is no clear evidence yet that sellers have taken control of the market
A change of character is required to confirm bearish intention
This would become more evident with a break below the 1.18445 level which would signal the first meaningful shift in structure
If that break occurs the downside targets would be 1.17765 as the first objective and 1.17288 as the second objective
Until a clear structural shift appears the market should be treated with caution