EURUSD | Daily Technical Outlook
Market Structure
EURUSD is showing a strong bullish recovery after failing to sustain its previous bearish phase. The recent price action reflects a clear shift in momentum, with buyers regaining control and pushing the pair higher.
The impulsive move from the 1.1500 – 1.1550 region has driven price sharply upward toward the 1.1680 area, where it is currently stabilizing near a key resistance zone.
Key Resistance Zone
The immediate resistance is located at 1.1680 – 1.1700, a critical zone aligned with recent highs and rejection levels. A sustained move above this area could trigger further bullish continuation.
Additional resistance levels:
- 1.1720
- 1.1750 (major structural resistance)
As long as price remains below 1.1700, upside momentum may slow into consolidation.
Key Support Zone
Immediate support lies at 1.1650 – 1.1630, acting as a short-term pullback and demand zone.
A break below this area could expose further downside levels:
- 1.1600
- 1.1550 (major support zone)
Failure to hold 1.1550 would weaken the current bullish structure.
Expectations
Bullish Scenario (Primary)
The current structure favors continued upside as long as price holds above 1.1630.
A break above 1.1700 could extend gains toward:
- 1.1720
- 1.1750
Bearish Scenario (Alternative)
Failure to break above resistance may lead to a corrective pullback toward:
- 1.1630
- 1.1600
A deeper decline below 1.1550 would shift the structure back to bearish.
Outlook
EURUSD remains supported by strong bullish momentum following the recent breakout. However, price is approaching a key resistance zone at 1.1700, where rejection or continuation will determine the next directional move.
