EURUSD | Technical Outlook
Market Structure
EURUSD remains in a bullish corrective structure across intraday and higher timeframes, following a strong impulsive rally from the recent lows. Price has established a sequence of higher highs and higher lows, signaling sustained upside momentum despite short-term consolidation.
After the sharp upside acceleration, the pair is now transitioning into a pause and digestion phase, with price stabilizing above former resistance that has turned into support.
Key Resistance Zone
The immediate resistance zone is located around 1.1915 – 1.1930, where recent upside attempts have stalled. This area represents a short-term supply zone following the impulsive rally.
A clear break and sustained hold above this zone would expose higher resistance levels at:
- 1.1980
- 1.2020 – 1.2050 (major upside extension zone)
As long as price remains capped below 1.1930, upside momentum may slow temporarily.
Key Support Zone
Initial support is now aligned around 1.1880 – 1.1865, a former resistance zone that has successfully flipped into support.
A deeper pullback could test:
- 1.1820 – 1.1800 (key structural support)
Holding above 1.1800 keeps the bullish structure intact, while a break below it would weaken the current trend and signal a deeper correction.
Expectations
Bullish Scenario (Primary)
As long as EURUSD holds above 1.1865, buyers remain in control.
A break above 1.1930 would likely trigger renewed upside momentum toward 1.1980 and potentially 1.2020.
Bearish Scenario (Alternative)
Failure to hold 1.1865 could lead to a corrective pullback toward 1.1820 – 1.1800.
A sustained breakdown below 1.1800 would invalidate the bullish structure and shift momentum toward a broader consolidation or downside correction.
Outlook
EURUSD maintains a constructive bullish bias, supported by higher-timeframe structure and successful support retests. While near-term consolidation is likely below resistance, the broader outlook remains positive as long as price holds above key support zones. A confirmed breakout above 1.1930 would reassert upside dominance and open the door for further gains.
