EURUSD | Technical Outlook
Market Structure
EURUSD is experiencing a continued bearish move after failing to sustain its recent recovery attempts. The latest selling pressure has pushed price lower, breaking short-term support levels and reinforcing downside momentum across intraday timeframes.
The rejection from the 1.1580 – 1.1600 region triggered a renewed impulsive decline, driving price toward 1.1490, where it is currently attempting to stabilize.
Key Resistance Zone
Immediate resistance is located at 1.1520 – 1.1550, aligning with recent breakdown structure and moving averages.
A move above this zone could open the door toward:
- 1580 – 1.1600 (key supply zone)
- 1650+ (higher timeframe resistance)
Key Support Zone
Initial support is seen at 1.1480 – 1.1500, where price is currently holding.
A breakdown below this zone could expose:
- 1450 – 1.1430 (next support area)
- 1400+ (major psychological support)
Expectations
Bearish Scenario (Primary)
The overall structure remains bearish while price holds below 1.1550.
A break below 1.1480 would likely trigger further downside toward 1.1450, with potential extension toward 1.1400.
Bullish Scenario (Alternative)
A sustained move above 1.1550 would signal a corrective recovery, opening the door toward:
- 1580 – 1.1600
- 1650+ if bullish momentum strengthens
However, upside remains corrective unless the broader structure shifts.
Outlook
EURUSD remains under bearish pressure across multiple timeframes, with sellers maintaining control. While price is attempting to stabilize near current support, the broader bias favors further downside unless key resistance levels are decisively reclaimed.
