EURUSD | Daily Technical Outlook
Market Structure
EURUSD remains under bearish pressure after failing to sustain its recent recovery attempt. The broader structure continues to show lower highs, with price struggling to build momentum above the 1.1800 region.
The latest move reflects renewed selling pressure following a short-lived bounce, pushing the pair back toward the 1.1780 area. Price action suggests that upside attempts remain corrective rather than impulsive, while the overall structure still favors sellers unless key resistance is reclaimed.
Momentum remains fragile as the pair trades near short-term support.
Key Resistance Zone
The nearest resistance stands at 1.1800 – 1.1820, a zone aligned with recent rejection and short-term dynamic resistance.
A sustained move above this level would expose:
- 1850
- 1880 – 1.1900 (major structural resistance zone)
As long as price remains below 1.1820, bearish pressure remains dominant.
Key Support Zone
Immediate support lies at 1.1760 – 1.1780, where price is currently attempting to stabilize.
A breakdown below this zone would expose:
- 1740
- 1700 (key psychological and structural support)
A decisive break under 1.1700 would reinforce broader downside continuation.
Expectations
Bearish Scenario (Primary)
As long as EURUSD trades below 1.1820, the structure favors continued downside.
A break below 1.1760 could accelerate the decline toward 1.1740 and potentially 1.1700.
Bullish Scenario (Alternative)
A recovery above 1.1820 would signal short-term stabilization, opening the path toward 1.1850 and possibly 1.1880.
However, upside attempts are likely to remain corrective unless 1.1900 is reclaimed decisively.
Outlook
EURUSD remains structurally bearish, consolidating near support after renewed selling pressure. The bias favors further downside unless resistance above 1.1820 is reclaimed. A break below 1.1760 may trigger a deeper corrective leg toward lower support levels.
