EUR/USD sellers are taking control — but what exactly has been broken?

  • October 21, 2025
  • Posted by: EWGFX
  • Category: Technical analysis
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The pair has slipped below a key cluster of technical levels, marking a decisive bearish break:

  • A swing zone between 1.16449 and 1.16596, which has acted as both a floor and ceiling on the hourly chart since September 10.
  • The 100-hour moving average (MA) at 1.1655.
  • The 100-day moving average (MA) at 1.16502.

Remaining below this confluence of levels keeps sellers firmly in control. The next key downside target sits at the 200-hour MA, currently around 1.1623. A clear break below that point would shift focus toward the monthly lows, including the double bottom near 1.15413.

In short, the EUR/USD has broken through multiple layers of support — and as long as it holds below them, the path of least resistance remains to the downside.