Read more
4:53 PM · 28 November 2022

EUR/USD loses momentum

-
-
Open account Download free app

Today's session is being marked by a deterioration in market sentiment which is supporting the recovery of the US dollar against the major currencies.


EUR/USD - Daily time frame chart

During the morning, bulls tried to break above the resistance zone marked by 1.045, but without success.

 


EUR/USD, D1 time frame chart. Source: xStation 5

 

However, it is important to note that the bulls managed to break the downtrend line that has been putting pressure on the EUR against the US Dollar throughout this year.

The current pullback could still give room for the formation of the right shoulder of the chart pattern - inverted head and shoulders.

EUR/USD, Daily time frame chart. Source: xStation 5


JPY is leading the gains this session.

Heatmap. Source: xStation 5

Henrique Tomé, XTB Portugal

11 February 2026, 6:28 PM

Daily Summary - Powerful NFP report could delay Fed rate cuts

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

10 February 2026, 1:31 PM

BREAKING: US RETAIL SALES BELOW EXPECTATIONS

9 February 2026, 10:08 AM

Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits