EURUSD | Technical Analysis
Market Structure
EURUSD continues to trade within a broader bearish structure after failing to sustain its previous bullish phase. The pair extended its decline from the 1.1900 region and is now stabilizing around 1.1470 following a corrective rebound.
On the lower timeframes (M15–H1), price is showing early signs of consolidation with minor higher lows forming, suggesting a potential short-term recovery. However, the H4 and Daily charts still reflect a dominant downtrend, with price trading below key moving averages, maintaining bearish pressure.
Key Resistance Zone
Immediate resistance is located at 1.1500 – 1.1520, which aligns with recent rejection areas and short-term structure highs.
A sustained break above this zone could open the path toward 1.1570, followed by 1.1620, where stronger supply is expected.
Key Support Zone
Initial support is seen at 1.1450 – 1.1430, representing the current consolidation base.
A breakdown below this level would expose deeper support at 1.1400, with further downside potential toward 1.1350.
Expectations
Bullish Scenario:
If EURUSD holds above 1.1450 and breaks above 1.1500 – 1.1520, the pair could extend its corrective move toward 1.1570 and possibly 1.1620.
Bearish Scenario:
Failure to break higher, combined with a drop below 1.1450, would likely resume the broader downtrend toward 1.1400, with extended losses toward 1.1350.
Outlook
EURUSD remains under broader bearish pressure despite short-term stabilization. The 1.1500 resistance zone is key, while a breakout may trigger a corrective recovery, rejection would reinforce the prevailing downtrend.
