{"id":31302,"date":"2026-03-23T04:58:41","date_gmt":"2026-03-23T04:58:41","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/31302\/"},"modified":"2026-03-23T04:58:41","modified_gmt":"2026-03-23T04:58:41","slug":"after-gapping-lower-eur-usd-regains-losses-near-1-1560-testing-descending-channel-resistance-above-nine-day-ema","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/31302\/","title":{"rendered":"After gapping lower, EUR\/USD regains losses near 1.1560, testing descending-channel resistance above nine-day EMA"},"content":{"rendered":"EUR\/USD traded near 1.1560 in Asian hours on Monday after recovering from earlier losses and a gap-down open. On the daily chart, the pair is testing the upper boundary of a descending channel near 1.1570, which can point to a possible bullish turn.\n\nPrice is above the nine-day Exponential Moving Average (EMA) at 1.1554 but below the 50-day EMA. This suggests short-term support within a wider downward trend.\n\n

Technical Momentum And Trend Signals<\/h3>\nThe 14-day Relative Strength Index (RSI) is 44, below the 50 mark. This indicates ongoing selling pressure and weak momentum.\n\nResistance is around 1.1570 at the channel\u2019s upper boundary. If price breaks above the channel, it could move towards the 50-day EMA at 1.676.\n\nSupport sits at the nine-day EMA at 1.1554. A drop below it could pull EUR\/USD towards the seven-month low of 1.1411, set on March 13, and then the channel\u2019s lower boundary near 1.1290.\n\nThe technical analysis was produced with help from an AI tool.\n\n

Implications For The Weeks Ahead<\/h3>\nLooking back at the analysis from late 2025, we were watching the EUR\/USD test a critical descending channel boundary around 1.1570. The situation was mixed, with the price above the short-term nine-day EMA but a bearish RSI of 44 suggesting underlying weakness. This created a clear decision point for the market’s next major move.\n\nThat test of resistance at 1.1570 ultimately failed, and the pair respected the broader bearish trend indicated at the time. As we moved into early 2026, continued hawkishness from the U.S. Federal Reserve contrasted with the European Central Bank’s dovish pivot, driving the pair below the key 1.1411 support level mentioned in the analysis. This fundamental divergence confirmed the technical weakness we saw forming.\n\nAs of today, March 23, 2026, the pair is consolidating around 1.1350, well below those 2025 levels. Recent data reinforces this dynamic, with February’s Eurozone inflation figures coming in at 2.1% while the latest U.S. core PCE price index remains stubbornly higher at 2.9%. This persistent inflation differential continues to favor the dollar and suppress the euro.\n\nFor the coming weeks, derivative traders should consider strategies that capitalize on limited upside potential. Selling out-of-the-money call spreads with a strike price above the 1.1425 resistance area could be an effective way to generate income, as this level now represents a significant technical ceiling. This strategy benefits from both a sideways or downward move in the EUR\/USD.\n\nWe must remain cautious of any unexpected shifts in central bank guidance, as this remains the primary catalyst for volatility. A surprise uptick in European economic data or any sign of a U.S. slowdown could trigger a short squeeze. Therefore, using defined-risk option structures is prudent to protect against a sudden reversal of the established downtrend.\n\nCreate your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b>\n

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Start trading now – Click here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n","protected":false},"excerpt":{"rendered":"

EUR\/USD rebounds near 1.1560, testing descending-channel resistance; short-term support holds, but broader bearish momentum persists.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-31302","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/31302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=31302"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/31302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=31302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=31302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=31302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}