EURUSD | Technical Outlook
Market Structure
EURUSD is currently trading around 1.1740, stabilizing after a bullish recovery that followed a prior bearish phase from lower levels. Price recently advanced from the 1.1660 – 1.1680 zone toward current highs, where it is now consolidating near resistance.
The broader move from the 1.1450 – 1.1500 region up toward 1.1800 reflects improving bullish momentum on the H4 timeframe; however, recent price action shows a slowdown as the pair approaches a key resistance area.
Key Resistance Zone
Immediate resistance is located at 1.1750 – 1.1800, supported by:
- Recent highs on M15 and H1
- H4 supply zone
- Psychological round level near 1.1800
A breakout above this zone could lead to:
- 1.1830
- 1.1900 (major higher timeframe resistance)
As long as price remains below 1.1800, upside continuation may face pressure.
Key Support Zone
Immediate support is seen at 1.1700 – 1.1680, which aligns with:
- Recent consolidation base
- Intraday demand zone
- Moving average support on H1/H4
A breakdown below this level would expose:
- 1.1650
- 1.1600 (key H4 support)
A sustained move below 1.1600 would weaken the bullish structure.
Expectations
Bullish Scenario (Primary)
If price holds above 1.1680, buyers may attempt to maintain control.
A breakout above 1.1800 could trigger:
- A move toward 1.1830
- Extension toward 1.1900
The short-term structure supports continued upside while higher lows hold.
Bearish Scenario (Alternative)
Failure to hold above support may lead to a corrective pullback.
This could result in:
- A move toward 1.1680
- A deeper decline toward 1.1650
A break below 1.1680 would signal increasing bearish pressure.
Outlook
EURUSD remains in a short-term bullish recovery phase but is currently consolidating near the 1.1740 resistance zone. Momentum is slowing as price tests key levels.
A confirmed breakout above 1.1800 would reinforce bullish continuation, while a breakdown below support could trigger a deeper correction.
