EURUSD: Bearish Pressure Holds Below 1.1570 Pivot

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of EURUSD for September 15, 2026.

Technical Analysis of EURUSD

EURUSD Daily Chart Insight

(EURUSD Daily Chart, Source: Ultima Markets MT5)

EURUSD maintains a corrective bearish bias on the daily chart after retreating from the August recovery high near 1.16910. Price has fallen below the declining red 16-period moving average and is now testing the blue 100-period moving average around the 1.15550 area, while the rising purple 50-period moving average remains below price near the 1.15210 region. This mixed moving-average alignment suggests the broader recovery structure has weakened, with sellers holding the near-term advantage but price approaching an important support cluster.

Daily RSI has also eased to 42.01, reflecting softer momentum without reaching oversold territory. A sustained break below the MA50 area would strengthen the bearish correction, while buyers need to reclaim the MA100 and subsequently challenge the falling MA16 to stabilise the broader outlook.

Key Levels:

• Support 1 (1.15210): Immediate support around the rising purple 50-period moving average (MA50) and the latest daily low area.
• Support 2 (1.14870): A lower price zone associated with the earlier consolidation and recovery structure.
• Support 3 (1.14530): A deeper support area around the previous breakout region.
• Resistance 1 (1.15550): Immediate resistance around the blue 100-period moving average (MA100), which price has recently slipped below.
• Resistance 2 (1.16230): Resistance near the declining red 16-period moving average (MA16) and the recent pullback structure.
• Resistance 3 (1.16910): The recent August swing-high area and the next major upside barrier.

EURUSD 2-Hour Chart Analysis

(EURUSD 2-Hour Chart, Source: Ultima Markets MT5)

EURUSD remains bearish on the 2-hour chart, with price at 1.15440 trading below the red 16-period moving average, purple 50-period moving average, and blue 100-period moving average. The MA16 is falling sharply, while the MA50 is also turning lower and the MA100 is gradually weakening, reinforcing seller control after the recent breakdown from the 1.16135 area. Price has attempted to rebound from the recent low near 1.15285 but has struggled to extend the recovery, leaving the rebound vulnerable while it remains below the MA16 around 1.15625.

RSI stands at 35.35 after recovering from below 30, suggesting downside momentum has eased enough for a temporary correction or consolidation, but the broader short-term structure remains bearish.

Breakout Scenarios:

• Bullish continuation is a possible scenario, triggered by a decisive break and hold above 1.15625. This would weaken the immediate bearish structure and expose the 1.15795–1.15880 resistance area.
• Bearish correction is the higher-probability outcome while price remains below 1.15625, with a decisive break below 1.15370 reopening the recent low around 1.15285.

EURUSD Pivot Indicator

(EURUSD 30-Minute Chart, Source: Trading Central)

EURUSD is trading at 1.1550 on the 30-minute chart, remaining below the main pivot at 1.1570 and therefore retaining an immediate bearish bias. Price is consolidating after rebounding from the 1.1523–1.1533 support area, but it has yet to recover the pivot.

RSI is at 48.23, indicating largely neutral momentum after recovering from weaker levels, while the MACD has rebounded toward the zero line but is beginning to flatten. This suggests that downside momentum has moderated, although the broader intraday preference remains bearish as long as 1.1570 caps the recovery.

• Bearish Breakdown: The bearish preference remains active while EURUSD stays below 1.1570. A renewed decline below 1.1533 would expose 1.1523 as the second downside target, with confirmation strengthened if RSI turns lower from 48.23 and MACD rolls back down from around the zero line.
• Bullish Reversal: A decisive break and hold above 1.1570 would invalidate the immediate bearish preference and open the way toward 1.1586 followed by 1.1596. Confirmation would require RSI to strengthen from 48.23 while MACD moves above the zero line.

Disclaimer Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.