EURUSD | Daily Technical Outlook
Market Structure
EURUSD is trading in a corrective consolidation after a strong bullish impulse that pushed the pair toward the 1.20 region. Following the sharp rally, price faced rejection and entered a pullback phase.
Currently, the pair is stabilizing around the 1.1860 area, moving sideways as momentum slows and moving averages begin to flatten. The broader structure remains constructive, but short-term pressure is building.
Key Resistance Zone
The immediate resistance stands at 1.1900 – 1.1930, where recent upside attempts were capped.
Additional resistance levels:
- 1.1980
- 1.2050 (major rejection zone)
As long as price remains below 1.1930, upside momentum stays limited.
Key Support Zone
Immediate support is located around 1.1830 – 1.1800, a short-term consolidation base.
A break below 1.1800 would expose deeper downside targets:
- 1.1740
- 1.1680 (major structural support)
Holding above 1.1800 keeps the broader bullish recovery intact.
Expectations
Bullish Scenario (Primary)
If EURUSD holds above 1.1800 and breaks above 1.1930, the pair could resume its upward movement toward 1.1980 and potentially 1.2050.
Bearish Scenario (Alternative)
A sustained move below 1.1800 would signal increasing selling pressure, opening the door toward 1.1740 and possibly 1.1680.
Outlook
EURUSD is consolidating near key levels after a strong rally. The broader tone remains moderately bullish while above 1.1800, but failure to reclaim 1.1930 could keep price trapped in a corrective range in the near term.
