EURUSD | Technical Outlook
Market Structure
EURUSD is maintaining a strong bullish recovery, with price posting an aggressive upside expansion that transitioned the structure from a prior decline into a clear impulsive rally. Following the breakout, the pair is now consolidating at the highs, holding above its rising moving averages and showing signs of bullish acceptance below a major resistance ceiling.
The current behavior reflects a market in pause/continuation mode, where buyers are attempting to build a base for another extension rather than reversing the move.
Key Resistance Zone
The primary resistance is now concentrated at 1.1885 – 1.1910, where price continues to stall and print hesitation near the upper boundary. This zone is acting as the immediate cap for continuation.
Additional resistance levels:
- 1.1930 (next upside extension area if the ceiling breaks)
- 1.1950 (psychological/continuation target if momentum accelerates)
As long as EURUSD remains capped below 1.1910, upside progress may stay gradual and vulnerable to short-term pullbacks.
Key Support Zone
Immediate support sits at 1.1860 – 1.1850, the consolidation base and the first area buyers must defend to keep the breakout structure intact.
A deeper support pocket is located at:
- 1.1835 – 1.1820 (prior reaction + structural support)
- 1.1800 (key psychological support; loss of this level would weaken the bullish recovery)
Holding above 1.1850 keeps the market positioned for continuation, while a breakdown would shift momentum into a corrective phase.
Expectations
Bullish Scenario (Primary)
The structure favors continuation while price holds above 1.1850.
A clean breakout and acceptance above 1.1910 would likely open the door toward:
- 1.1930
- 1.1950
Bearish Scenario (Alternative)
If EURUSD fails to break the ceiling and loses 1.1850, expect a pullback toward:
- 1.1835 – 1.1820
A deeper correction could extend toward 1.1800, which would be the key level to monitor for bullish structure preservation.
Outlook
EURUSD remains bullish in structure, with price consolidating near highs after an impulsive rally. The market bias stays constructive as long as 1.1850 holds, while a confirmed breakout above 1.1910 would signal continuation toward higher resistance targets. A rejection and breakdown below 1.1850 would shift the move into a broader corrective pullback before any renewed upside attempt.
