UOB’s Quek Ser Leang has highlighted a significant increase in downside momentum for the EUR/USD currency pair, as technical indicators point to further weakness. On September 14, 2026, EUR/USD broke below the 55-day exponential moving average (EMA) near 1.1555, a key technical support level [1]. The decline accelerated the following day, with the pair falling through the lower boundary of the daily Ichimoku cloud, near 1.1490 [1].
The 21-day EMA is now approaching a bearish cross below the 55-day EMA, a technical signal that suggests continued downward momentum. According to UOB, on the previous two occasions when the 21-day EMA crossed below the 55-day EMA, EUR/USD experienced several weeks of declines, though the extent of the weakness varied [1].
Immediate support is identified at 1.1400, with subsequent levels at the July low of 1.1353 and the June low of 1.1324. Resistance is seen between 1.1555–1.1565 and near 1.1625 [1]. The technical setup indicates that if EUR/USD breaks below 1.1400, further declines toward the mentioned support levels are likely [1].
No specific market reactions or analyst opinions beyond the technical outlook are provided in the source article.
CONCLUSION
Technical analysis from UOB signals growing bearish momentum for EUR/USD, with key support levels now in focus. A break below 1.1400 could open the way for further declines toward 1.1353 and 1.1324. Market participants are likely to monitor these technical levels closely for signs of continued weakness.