EURUSD | Technical Outlook
Market Structure
EURUSD is showing signs of short-term stabilization after a sharp corrective pullback. The pair recently rebounded from the $1.1850–$1.1860 demand area and is attempting to rebuild bullish momentum above the $1.1880 level.
On lower timeframes, price is forming higher lows, indicating early recovery strength. However, the broader structure on H4 and Daily charts remains range-bound, with price still trading below major resistance. A decisive breakout is required to confirm trend continuation.
Key Resistance Zone
The nearest resistance stands at $1.1920 – $1.1950, where previous rejection and supply pressure emerged.
Additional resistance levels:
- $1.1980
- $1.2000 – $1.2020 (major psychological and structural resistance)
A sustained move above $1.1950 would strengthen bullish continuation prospects and shift short-term momentum clearly in favor of buyers.
Key Support Zone
Immediate support is located at $1.1860 – $1.1880, acting as a short-term demand base.
Below that, key downside levels to monitor:
- $1.1830
- $1.1800 – $1.1780 (major structural support zone)
A breakdown below $1.1800 would invalidate the recovery structure and reintroduce stronger bearish pressure.
Expectations
Bullish Scenario (Primary)
As long as EURUSD holds above $1.1860, the pair may attempt another push toward $1.1950.
A confirmed break above this level could open the door toward:
- $1.1980
- $1.2000+
Bearish Scenario (Alternative)
Failure to hold $1.1860 would likely trigger renewed selling pressure.
A break below $1.1800 could accelerate the decline toward deeper support near $1.1750.
Outlook
EURUSD is attempting to regain bullish footing after a recent correction. While short-term momentum is improving, confirmation requires a sustained move above $1.1950. Holding above $1.1860 keeps the recovery scenario valid, while a break below $1.1800 would shift the structure back to bearish dominance.
