EURUSD | Technical Outlook
Market Structure
EURUSD is currently trading around 1.1788, stabilizing after a corrective pullback that followed a strong bullish impulsive move. Price recently advanced sharply from the 1.1650 – 1.1680 region toward 1.1820, before entering a consolidation phase below resistance.
The recent move from 1.1680 toward 1.1800+ reflects a strong bullish leg, with current price action showing sideways consolidation just below a key supply zone, indicating a potential pause before the next directional move.
Key Resistance Zone
Immediate resistance is located at 1.1800 – 1.1825, supported by:
- Recent H1 and H4 rejection highs
- Psychological resistance at 1.1800
- Prior supply zone
A breakout above this zone could lead to:
- 1.1850
- 1.1900 (next major resistance zone)
As long as price remains below 1.1825, upside momentum may face temporary exhaustion.
Key Support Zone
Immediate support is seen at 1.1760 – 1.1740, where price has recently found stability.
A breakdown below this level would expose:
- 1.1700
- 1.1680 (key demand and structure base)
A sustained move below 1.1740 would weaken the bullish structure in the short term.
Expectations
Bullish Scenario (Primary)
If price holds above 1.1760, buyers may maintain control of the trend.
A breakout above 1.1825 could trigger:
- A move toward 1.1850
- Extension toward 1.1900
Momentum across higher timeframes remains supportive of further upside.
Bearish Scenario (Alternative)
Failure to break above resistance may lead to a deeper pullback.
This could result in:
- A move back toward 1.1740
- A deeper correction toward 1.1700
A break below 1.1740 would confirm short-term bearish pressure.
Outlook
EURUSD remains in a bullish structure supported by higher timeframe momentum, with price consolidating just below the 1.1800 – 1.1825 resistance zone. While short-term hesitation is visible, the overall trend favors upside continuation as long as price holds above 1.1740.
A confirmed breakout could open the door for further gains, while failure to push higher may lead to a temporary corrective pullback before the next move.
