EL7.AI
ForexMediumUpdated×2•Originally published 13 April 2026•Updated 14 April 2026•
1 min read

Major Currency Pairs Show Mixed Technical Outlook Amid Key Resistance and Support Tests

Key Facts

1EUR/USD's rebound suggests the correction from 1.2081 completed at 1.1408, targeting the 61.8% retracement at 1.1824.
2EUR/JPY resumed its long-term uptrend after breaching the 186.86 high, targeting the 188.98 projection level.
3EUR/AUD's corrective rebound likely ended at 1.6842 following rejection by the 55-day EMA.
4EUR/GBP and EUR/CHF remain in sideways trading ranges with a mild upside bias as long as key support levels hold.

Major currency pairs are exhibiting diverse technical setups as the US Dollar shows signs of weakness across the board. The GBP/USD pair has resumed its rebound targeting the 1.3596 level, while EUR/USD continues its trajectory toward the 61.8% Fibonacci retracement at 1.1824. In contrast, the USD/CAD bias has shifted to the downside following a break below 1.3798, and USD/CHF is now eyeing 0.7770 after resuming its decline from the 0.8041 peak. Meanwhile, USD/JPY remains in a consolidation phase, though a bullish outlook is maintained as long as prices stay above 157.49. Additionally, AUD/USD continues its upward trend toward 0.7187, supported by price action remaining above the critical 0.7000 handle. These movements highlight a period of heightened volatility as major pairs navigate crucial technical zones.