EURUSDDailyNeutral

EUR/USD daily analysis — 6 November 2026

FXFibo editorial · Nov 6, 2026, 04:12 PM · 1 min read

Summary

On the daily chart EUR/USD is ranging inside a descending channel, between the 1.1110–1.1130 support zone and the 1.1285 high (2 October 2026).

BiasNeutralEntry zone—Stop loss—Target 1—Target 2—StatusActive

Main scenario

Scenario 1: a break below the support zone targets 1.1065 and then 1.0733 (March 2025 low).

Scenario 2: a break above 1.1285 allows a rally to 1.1436–1.1549 (channel top) before the downtrend resumes.

Resistance: 1.1285, 1.1324, 1.1436, 1.1549 · Support: 1.1110–1.1130, 1.1065, 1.0733

⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.