EURUSD Technicals: EURUSD stretches to new highs. Price is above the November lows now.

The EURUSD has moved higher today, extending a rebound after last week’s sharp selloff into the Friday close. Recall that on Friday the pair broke below the November 2025 swing lows at 1.1491 and 1.1468, opening the door for additional downside momentum. That break helped push the pair to a session low of 1.14102 before buyers finally stepped in.

In trading today, the price only briefly extended the lows to 1.1413 before reversing higher. From that point, steady buying emerged as broader risk sentiment improved. The U.S. dollar has moved lower alongside falling Treasury yields, stronger stock prices, and softer oil prices, creating a supportive backdrop for the EURUSD.

The rebound has now pushed the pair back above the former November lows at 1.1491 and 1.1468, with the price reaching a session high near 1.1502. That move back above the broken support levels is an important technical development and gives buyers a stronger footing in the near term.

Looking ahead, the next upside target comes near the 38.2% retracement of last week’s decline at 1.1508. A break above that level would have traders shifting their focus toward the 50% midpoint near 1.1538, along with a key swing area between 1.1538 and 1.1554. Also within that zone is the falling 100-hour moving average (Blue line on the chart below), currently near 1.1530 (see blue line on the chart below), which could act as a natural test for bullish momentum.

On the downside, support now rests again at the former November lows of 1.1491 and 1.1468. As long as the corrective move remains above those levels, buyers can maintain control and keep the door open for a further recovery in the pair.

In the video above, I break down the key technical levels that traders are watching and explain why the reclaim of the November lows may be an important step in stabilizing the EURUSD after last week’s sharp decline.

Key technical levels