EURUSD | Technical Outlook
Market Structure
EURUSD is currently trading within a bearish corrective phase after failing to sustain its previous recovery. Selling pressure has gradually increased, pushing the pair lower and keeping price capped below key short-term resistance levels.
The recent decline from the 1.1780 – 1.1800 area confirms a shift in momentum, with price now stabilizing near 1.1730 – 1.1740, where buyers are attempting to slow the downside move.
Key Resistance Zone
The nearest resistance is located at 1.1765 – 1.1780, an area defined by multiple intraday rejections and moving average resistance. Any rebound toward this zone is likely to face renewed selling pressure.
Additional resistance levels:
• 1.1800 (key psychological and structural level)
• 1.1830 – 1.1850 (major bearish rejection zone)
As long as EURUSD remains below 1.1780, bearish control remains intact.
Key Support Zone
Immediate support lies around 1.1730 – 1.1740, where price is currently consolidating.
A decisive break below this zone would expose lower downside targets:
• 1.1700
• 1.1665 – 1.1680 (major structural support)
Failure to hold above 1.1665 would signal a deeper bearish continuation on higher timeframes.
Expectations
Bearish Scenario (Primary)
The broader structure favors further downside as long as price trades below 1.1780.
A break below 1.1730 would likely accelerate selling toward 1.1700, with scope for extension toward 1.1665.
Bullish Scenario (Alternative)
A sustained recovery above 1.1780 would be the first sign of short-term stabilization, opening the door toward:
• 1.1800
• 1.1830 – 1.1850 (critical zone that must be reclaimed to weaken bearish momentum)
Until then, upside moves are expected to remain corrective.
Outlook
EURUSD remains under bearish pressure, with sellers maintaining control below key resistance levels. The overall structure favors further downside unless price can reclaim 1.1780, while a break below 1.1730 may trigger a continuation toward deeper support zones.
