EURUSD Eyes 1.0650: Decade of Support Could Decide the TrendEURO / U.S. DOLLARFX_IDC:EURUSDTheCryptagonEURUSD is currently testing the long-term support zone spanning 1.02–1.0650, which has acted as a critical pivot for over a decade. Price has recently pulled back from the lower highs trendline (~1.22) and is hovering near the 50-period and 200-period MAs on the weekly chart. Traders should watch this multi-year support closely as a reaction here may define the medium-term trend. Trend Structure Long-term: Downtrend from 2018 highs forming lower highs Short-term: Price rebound attempt from multi-year support zone Market structure: Lower highs aligned with downward trendline Support / Resistance Support Zone: 1.02–1.0650 (11-year support) Resistance: 1.18–1.22 (lower highs) Moving Averages 50-period MA: 1.16705 – near current price, acting as dynamic resistance 200-period MA: 1.09769 – lower support, aligned with multi-year zone Indicators Visible RSI (14) ~48.6 – neutral, not oversold or overbought Momentum: short-term bearish bias under MA50 Chart Pattern Long-term descending trendline from 2018 highs Multi-year support box at 1.02–1.0650 Potential double-bottom forming if 1.0650 holds Momentum Weekly momentum: neutral to slightly bearish Short-term bearish bias confirmed under MA50 Bullish Scenario Price holds above 1.0650 Potential rebound toward 1.11 resistance RSI stabilization could trigger a medium-term bounce Bearish Scenario Breakdown below 1.0650 Measured move toward 1.02 support Continuation of downward trend confirmed under MA50 Key Conclusion EURUSD is at a pivotal support zone that will define whether the pair stabilizes or continues the multi-year downtrend. Reaction near 1.0650 is critical for medium-term positioning. Discussion Question: Will EURUSD defend the 11-year support zone, or are lower levels inevitable?