Read more
3:19 PM · 12 July 2021

EUR/USD technical analysis: attempting to recover

EUR/USD
Forex
-
-

Today's session is relatively quiet, with the market showing weak signs of liquidity. The european session was relatively quiet as well.

However, it appears that the euro is trying to recover against the US dollar during today's session.
Let's take a closer look at the EUR/USD pair.

4-hour time frame chart analysis.

On the 4 hour chart, we can see that buyers are trying to regain control over the price and we may be seeing a chart pattern - inverted head and shoulders.

The neckline is marked by the red rectangle and once it is broken higher, the gains could intensify further.

 

 

EUR/USD, 4-hour time frame chart. Source: xStation

Daily chart analysis (D1)

On the daily chart you can see that buyers are increasingly trying to gain ground. It should also be noted that the target of the chart pattern coincides with the 50 period EMA in this time frame.

 

 

EUR/USD, daily chart. Source: xStation 5

On the other hand, the Dollar Index (DXY) continues to give signs of bearish pressure and may support the upside trend in the EUR/USD.

 

 

USDIDX, Daily chart. Source: xStation 5

Due to the lack of volatility, the major currencies are trading mixed.

 

Source: currency-strength.com

Henrique Tomé, XTB Portugal

5 December 2025, 4:30 PM

3 markets to watch next week (05.12.2025)

5 December 2025, 1:32 PM

BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉

5 December 2025, 10:05 AM

BREAKING: Euro-zone GDP slightly above expectations!📈 EURUSD remains stable

5 December 2025, 7:01 AM

BREAKING: Germany industrial orders for October higher than expected; EURUSD gains 📌

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