Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

EURUSD to 1.08? The Levels Traders Must Watch

21 Sept 2026 · 1 min

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In this segment, Vladimir Ribakov provides a technical outlook for the EUR/USD pair, emphasizing a strong bearish bias. He notes that the pair has broken a weekly resistance level, which now functions as support around the 1.20‑1.11 zone. Ribakov expects the euro to continue its decline, potentially retesting that support and then moving down the lower edge of a rising channel toward a major volume‑profile cluster near 1.08‑1.09. The overall message is that current market pressure is bearish and traders should anticipate further sell‑offs.

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So the way that the euro dollar behaves right now, we have a very high probability to see the euro dollar pushing one more final drop down, probably to retest the weekly broken resistance that acts as support around the 1.20, 1.11, and maybe beyond that to the bottom of this rising channel closer to the level of 1.08, where we also got this major volume profile. It's about 1.08, 1.09. So the current pressure is bearish. I believe that the euro-dollar should provide further sell-off.