EUR/USD | Further drop incoming?

  • March 26, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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As you can see in the hourly chart of EURUSD, in yesterday’s analysis I had mentioned that if EURUSD goes below the Consequent Encroachment of the March 9th NWOG, it’ll drop further down and goes below the March 23rd NWOG High. And it all happened, and now EURUSD is being traded at 1.1556, just above the March 23rd NWOG C.E..

I expect EURUSD to drop to the March 9th NWOG Low at 1.1549 and then use it as support zone to bounce back up and go to retest the Mar 23rd NWOG High at 1.1571. If it goes through it, then the next target will be 1.1587, and the final target will be 1.1616.

However if the support at 1.1549 is lost, further drop to 1.1537 and then 1.1520 is expected.

Targets for EURUSD: 1.1570, 1.1580, 1.1590, 1.1600 and 1.1610.

Targets if the support is lost: 1.1549, 1.1539, 1.1529 and 1.1520.