EURUSD | Technical Outlook
Market Structure
EURUSD is currently undergoing a short-term corrective phase following a strong bullish impulse. After rallying sharply from the lower support region, price failed to sustain upside momentum near the recent highs, leading to consolidation and mild selling pressure.
The pullback remains controlled and corrective in nature, with price holding above key intraday support. This suggests the broader recovery structure is still intact, while the market awaits fresh directional confirmation.
Key Resistance Zone
The primary resistance zone is located at 1.1725 – 1.1750, where price has repeatedly stalled across multiple timeframes.
Additional resistance levels:
- 1.1780
- 1.1800 (major short-term bullish continuation level)
As long as EURUSD trades below 1.1750, upside attempts may remain limited and vulnerable to selling pressure.
Key Support Zone
Immediate support is found at 1.1685 – 1.1700, a zone reinforced by prior structure and dynamic support from rising moving averages.
Below this level, additional downside targets include:
- 1.1650
- 1.1600 – 1.1620 (major structural support)
A clean break below 1.1685 would weaken the current recovery structure and shift momentum back toward sellers.
Expectations
Bullish Scenario (Primary)
If EURUSD holds above 1.1700 and regains bullish momentum, buyers may attempt another push toward 1.1750.
A confirmed breakout above this zone would open the door for further upside toward:
- 1.1780
- 1.1800
This scenario would be supported by higher lows on lower timeframes and renewed bullish candle expansion.
Bearish Scenario (Alternative)
Failure to hold 1.1685 would expose EURUSD to a deeper corrective move toward 1.1650, with potential extension toward 1.1600 if selling pressure accelerates.
A sustained move below 1.1600 would confirm a broader bearish shift.
Outlook
EURUSD is currently at a critical inflection point, balancing between corrective consolidation and potential bullish continuation. While the broader structure remains constructive, confirmation is required through either a break above 1.1750 or a decisive loss of 1.1685 support.
Until then, price action is likely to remain range-bound with intraday volatility, favoring tactical setups rather than directional conviction.
Bias: Neutral to cautiously bullish
Key Levels to Watch: 1.1750 resistance / 1.1685 support
