EURUSD | Daily Technical Outlook
Market Structure
EURUSD is trading within a renewed bearish structure after failing to sustain its latest recovery attempt. The pair faced strong selling pressure following the rejection from the recent highs near the 1.2000 area, triggering a sharp pullback and shifting momentum back in favor of sellers.
Price is now consolidating near the 1.1800 region, reflecting short-term stabilization after the decline, but the broader structure remains vulnerable as upside attempts continue to lose strength.
Key Resistance Zone
The primary resistance zone is located around 1.1860 – 1.1900, where recent rebounds stalled and sellers regained control. Any upside correction toward this area is likely to encounter selling pressure.
Additional resistance levels:
- 1.1950
- 1.2000 (major psychological and structural resistance)
As long as EURUSD trades below 1.1900, bearish momentum remains dominant.
Key Support Zone
Immediate support is found around 1.1780 – 1.1800, where the current decline has temporarily paused.
A decisive break below 1.1780 would expose lower downside targets at:
- 1.1720
- 1.1650 – 1.1680 (major structural support zone)
Failure to hold above 1.1650 would significantly reinforce the broader bearish trend.
Expectations
Bearish Scenario (Primary)
The outlook favors further downside as long as price remains capped below 1.1900.
A confirmed break below 1.1780 could accelerate losses toward 1.1720, with scope for extension toward the 1.1650 region.
Bullish Scenario (Alternative)
A recovery above 1.1900 would be the first signal of short-term stabilization, opening the door toward:
- 1.1950
- 1.2000 (key level that must be reclaimed to weaken the bearish structure)
Until then, upside moves are expected to remain corrective.
Outlook
EURUSD remains under bearish pressure, with sellers maintaining control below key resistance levels. While short-term consolidation is underway, the overall structure favors downside continuation unless price can reclaim and hold above the 1.1900 zone.
