Trading Signals for EUR/USD for November 19-23, 2025: sell below 1.1600 (200 EMA - 21 SMA)

EUR/USD is trading around 1.1582 within the downtrend channel formed since October 11 and below the 21 SMA and 200 EMA, moving within a very narrow price range without a clear direction.

If the euro falls below 1.1570 in the coming hours, we could expect it to continue its downward cycle and reach 1.1525, or even 6/8 Murray around 1.1474.

On the contrary, if the euro consolidates above 1.1606, we could expect it to reach the top of the downtrend channel around 1.1640. A break above this area could cause the euro to continue its bullish cycle, and EUR/USD could reach 1.1718, and finally, we expect it to cover the gap it left around 1.1741.

The Eagle indicator is giving a bearish signal, so if the price continues to consolidate below 1.1600, we could expect a fall in EUR/USD, which could reach the bottom of the downtrend channel around 1.1420 in the short term.