EURUSD | Technical Outlook
Market Overview
EURUSD is trading within a well-defined bullish structure across intraday and higher timeframes. Price action continues to print higher highs and higher lows, supported by rising short-, medium-, and long-term moving averages. The recent pullbacks have remained corrective in nature, with buyers stepping in near dynamic support, confirming trend strength rather than exhaustion.
On the H1 and H4 charts, momentum has resumed after a brief consolidation, while the Daily timeframe shows price reclaiming key bullish structure following the prior corrective phase. Overall, market behavior suggests trend continuation rather than a temporary rebound.
Key Resistance Levels
Immediate resistance is located at:
- 1.1790 – 1.1805
This zone represents:
- Prior daily supply
- A psychological resistance level
- Recent swing highs on lower timeframes
A clear daily close above 1.1805 would confirm bullish continuation toward:
- 1.1850
- 1.1900 (major daily resistance)
Key Support Levels
Immediate support is found at:
- 1.1745 – 1.1730
This area aligns with:
- Rising H1 and H4 moving averages
- Previous breakout structure
- Short-term bullish demand zone
If price breaks decisively below 1.1730, downside risk increases toward:
- 1.1685
- 1.1640
Expectations
Bullish Scenario (Preferred While Above Support)
As long as EURUSD holds above 1.1730, upside continuation remains favored. Pullbacks into support are likely to attract buyers, targeting:
- 1.1805
- 1.1850
Bearish Scenario (Only If Structure Breaks)
A sustained break and acceptance below 1.1730 would signal loss of bullish control, opening a corrective move toward:
- 1.1685
- 1.1640
This scenario requires a clear breakdown, not just intraday volatility.
Overall Outlook
EURUSD remains technically bullish, supported by strong multi-timeframe structure and rising moving averages. While short-term consolidation or shallow pullbacks are possible, the broader bias favors continuation higher unless key support fails.
Price reaction around 1.1730 support and 1.1805 resistance will be critical in defining the next directional move.
