What support and resistance levels are traders watching?

The nearest resistance is the previous day low at 1.11725, and the nearest support is S1 at 1.1155. Further up, the daily pivot sits at 1.11904, while S2 is located below at 1.1137.

Will US data releases move the EUR/USD pair today?

Scheduled US data begins at 12:15 UTC with the ADP Employment Change 4-week average. At 12:30 UTC, Durable Goods Orders carries an estimate of 0.6, compared to a previous reading of 0.

How is the technical trend shaping up for EUR/USD?

The timeframes agree with a down trend observed on the daily, 4-hour, and 1-hour charts. On the daily timeframe, price is positioned below the 200-day EMA of 1.15374, and the 14-period RSI reads 34.8.

EUR/USD Forecast Today: Pair Holds Near S1 Ahead of ECB Commentary

Daily outlook Bearish bias Oct 27, 2026, 06:07 UTC

Sophia BennettSenior FX Analyst · ForexR analyst

EUR/USD trades below the daily pivot during the Asia session, with down trends intact across multiple timeframes. The upcoming calendar features the ECB Bank Lending Survey, a speech from ECB President Lagarde, and US durable goods figures.

Price1.11656

Day change-0.07%

Day range1.11619 - 1.11778

ATR (14)0.00601

Resistance	Level	Support	Level
R3	1.12618	S1	1.11550
R2	1.12438	S2	1.11370
R1	1.12084	S3	1.11016
Previous day high	1.12259	Previous day low	1.11725
20-day high	1.13795	20-day low	1.11124
Daily pivot 1.11904. Data as of 2026-10-27 06:03 UTC; price from a live feed, levels computed from the previous completed daily bar.

EUR/USD 1-hour chart with the daily pivot at 1.11904, R1 1.12084, R2 1.12438, S1 1.11550, S2 1.11370 and the bullish and bearish scenario paths — EUR/USD, 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-10-27 06:03 UTC.

Current EUR/USD Price Action

During the Asia session, EUR/USD sits at 1.11656, positioned between S1 at 1.1155 and the daily pivot at 1.11904. The pair is down 0.07% on the day, representing a change of -0.00073 heading toward the London open at 07:00 UTC. Today's intraday trading has formed a high of 1.11778 and a low of 1.11619. This 15.9-pip day range accounts for 26% of the 14-period Average True Range of 60.1 pips.

Trend and Momentum

The technical timeframes agree, showing a down trend on the daily, 4-hour, and 1-hour charts. On the daily chart, price remains below the 200-day EMA of 1.15374. The daily 20-day EMA stands at 1.12498, and the 50-day EMA is 1.13552. Looking at the 4-hour chart, the down trend continues with the 20-period EMA at 1.11953 and the 50-period EMA at 1.12074. The 1-hour chart displays a 20-period EMA of 1.11775 and a 50-period EMA of 1.11909. Alongside these moving averages, the daily 14-period RSI reads 34.8.

Levels That Matter

The nearest resistance is the previous day low at 1.11725, positioned 6.9 pips above price. The nearest support is S1 at 1.1155, which rests 10.6 pips below the current level. Above the daily pivot at 1.11904, further resistance is plotted at R1 (1.12084), R2 (1.12438), and R3 (1.12618). Downside support levels include S2 at 1.1137 and S3 at 1.11016. Looking at yesterday's action, the pair printed a previous day high of 1.12259 and a previous day low of 1.11725. The 5-day range covers a high of 1.12601 and a low of 1.11725. Over the 20-day window, the market recorded a high of 1.13795 and a low of 1.11124. Round numbers offer broader context, with 1.12 above and 1.115 below.

Bullish and Bearish Scenarios

A break above R1 at 1.12084 would open the way to R2 at 1.12438. A move back below the daily pivot at 1.11904 would invalidate this bullish scenario. On the downside, a break below S1 at 1.1155 would open the way to S2 at 1.1137. A move back above the daily pivot at 1.11904 would invalidate this bearish view.

Market Catalysts and Sentiment

Today's economic calendar begins with the European Central Bank Bank Lending Survey at 09:00 UTC. ECB President Lagarde is also scheduled to speak at 17:00 UTC. The US session opens with the ADP Employment Change 4-week average at 12:15 UTC (previous 18.5). At 12:30 UTC, a cluster of US data releases includes Durable Goods Orders (estimate 0.6, previous 0), Nondefense Capital Goods Orders ex Aircraft (previous 1.6), Durable Goods Orders ex Defense (previous 0.1), and Durable Goods Orders ex Transportation (estimate 0.6, previous 0.3). Later, the US Housing Price Index is due at 13:00 UTC (estimate 0.1, previous 0.3), followed by New Home Sales Change (previous 6.4) and US Consumer Confidence at 14:00 UTC. Looking to tomorrow, the German GfK Consumer Confidence Survey is scheduled for 07:00 UTC with an estimate of -31 against a previous -30.6.

News coverage today focuses on upcoming European Central Bank commentary and the euro's recent softening, according to outlets like Forexcom and FX Street. Media sentiment data shows a bearish opportunity reading of -67, with news volume at 151% of its 90-day average. In the futures market, as of the week to October 20, speculators were net short EUR/USD, although they reduced net short EUR/USD positioning. In the bond market on October 26, the 2-year US Treasury yield stood at 4.68%, down 1 basis point, and the 10-year yield was 5%.

Bottom Line

The EUR/USD outlook reflects down trends across the daily, H4, and H1 charts. Approaching the London open, price sits 10.6 pips from S1 at 1.1155 and 6.9 pips from the previous day low at 1.11725. Scheduled US durable goods data and ECB commentary provide the next set of fundamental inputs on the calendar.