EURUSD | Daily Technical Outlook
Market Structure
EURUSD is showing signs of renewed weakness after failing to sustain its recent recovery above the 1.1900 region. Price action has shifted into a corrective pullback phase, with lower highs forming and momentum gradually tilting to the downside.
The pair is currently hovering near the 1.1850–1.1860 area, where buyers are attempting to stabilize the decline.
Key Resistance Zone
The nearest resistance is located at 1.1885 – 1.1900, a zone that previously acted as short-term support and now serves as a supply area.
Additional resistance levels:
- 1.1930
- 1.1980 – 1.2000 (major structural resistance)
As long as EURUSD trades below 1.1900, upside momentum remains limited.
Key Support Zone
Immediate support is seen around 1.1830 – 1.1850, where price is currently consolidating.
A breakdown below this zone could expose:
- 1.1800
- 1.1750 – 1.1760 (strong structural support)
A sustained move below 1.1750 would reinforce broader bearish pressure.
Expectations
Bearish Scenario (Primary)
As long as price remains below 1.1900, the bias favors further downside.
A break below 1.1830 could accelerate the move toward 1.1800 and potentially 1.1750.
Bullish Scenario (Alternative)
A recovery above 1.1900 would signal renewed buying interest, opening the door toward:
- 1.1930
- 1.1980 – 1.2000
However, buyers need a firm break above 1.1900 to shift the short-term structure back to bullish.
Outlook
EURUSD is facing growing downside pressure after failing to hold above 1.1900. The structure leans slightly bearish in the short term, with sellers maintaining control unless price reclaims higher resistance levels.
