The EURUSD extended modestly to a new session low as EU officials indicated that tariffs are likely to stay in place amid limited progress in trade talks with the U.S. The pair reached a low of 1.12849, but remained above a key support zone between 1.12709和1.1275.

On the daily chart, this area holds significant technical importance. The 2023年高点为1.12753, while the 61.8%回撤 of the broader decline from the 2020 high to the 2022 low sits at 1.12709. For sellers to gain more traction, a break below this dual support zone is needed. Until then, the broader bullish bias remains intact.

After testing the lows, the pair has already rebounded, trading back above the 1.1300 level and currently sitting around 1.1313. This bounce reinforces the idea that buyers are still defending key support levels.

Drilling into the hourly chart, Friday’s low swing level also stalled near 1.1274, adding another layer of short-term support. A break below that level could see further downside toward the 上周涨势回撤38.2%至1.12495, and the 上升100小时移动平均线略低于1.1246. A move below both would increase bearish momentum in the short term.