EURUSD | Technical Outlook
Market Structure
EURUSD has staged a sharp bullish reaction after an extended period of downside pressure, with price rebounding aggressively from the 1.1480–1.1500 support zone. The recent impulsive move on lower timeframes reflects strong buying interest, breaking short-term bearish structure and shifting momentum in favor of buyers.
Despite this recovery, the broader H4 and daily structure remains mixed-to-bearish, with price still trading within a wider range and below key higher-timeframe resistance zones. This suggests the current move may be a short-term recovery rather than a confirmed trend reversal.
Key Resistance Zone
The nearest resistance is located at 1.1580 – 1.1600, where price is currently testing a key horizontal level and prior rejection area.
Additional resistance levels:
1.1620 – 1.1650 (H4 supply zone)
1.1700+ (major structural resistance)
As long as price remains below 1.1600, upside may remain limited.
Key Support Zone
Immediate support lies at 1.1520 – 1.1540, where the recent breakout originated.
A breakdown below this zone would expose further downside targets:
1.1500
1.1450 – 1.1480 (major support zone)
A sustained move below 1.1450 would signal a return to the broader bearish trend.
Expectations
Bullish Scenario (Primary)
Momentum has shifted in the short term, favoring buyers while price holds above 1.1520.
A break above 1.1600 would likely trigger further upside toward 1.1620 – 1.1650, with potential extension toward 1.1700.
Bearish Scenario (Alternative)
Failure to hold above 1.1520 would invalidate the bullish momentum.
A break below this level could lead to renewed selling toward 1.1500, followed by 1.1450.
Outlook
EURUSD is attempting a short-term recovery after recent weakness, with buyers gaining temporary control. However, the broader structure still requires confirmation of a sustained reversal, and price action around key resistance will be critical in determining the next directional move.
