EURUSD | Daily Technical Outlook
Market Structure
EURUSD remains under sustained bearish pressure after failing to maintain its recent recovery above the 1.1900 region. The pair has resumed its downside trajectory, forming lower highs and lower lows on the higher timeframes.
Recent price action shows continued weakness, with the pair trading below key moving averages across intraday and 4H structures. The latest rejection near the 1.1900 – 1.1920 area has reinforced bearish control, pushing the pair back toward the 1.1840 region where price is currently attempting to stabilize.
Momentum remains tilted to the downside unless a strong reclaim of broken resistance occurs.
Key Resistance Zone
The nearest resistance stands at 1.1870 – 1.1900, which aligns with the recent breakdown structure and dynamic resistance from moving averages.
Additional resistance levels:
- 1.1920
- 1.1950 – 1.1970 (major rejection zone)
As long as EURUSD trades below 1.1900, upside attempts are likely corrective.
Key Support Zone
Immediate support lies at 1.1830 – 1.1840, where price is currently hovering.
A breakdown below 1.1830 would expose deeper downside levels:
- 1.1800
- 1.1760 – 1.1780 (major structural support zone)
A sustained move below 1.1760 would confirm a broader bearish continuation.
Expectations
Bearish Scenario (Primary)
The prevailing structure favors continued downside as long as price remains below 1.1900.
A break below 1.1830 could accelerate selling pressure toward 1.1800, with potential extension toward 1.1760.
Bullish Scenario (Alternative)
A recovery above 1.1900 would signal temporary stabilization, opening the door toward:
- 1.1920
- 1.1950 – 1.1970
However, the broader trend would only weaken significantly if 1.1970 is decisively reclaimed.
Outlook
EURUSD remains structurally bearish, with sellers maintaining control below 1.1900. While short-term stabilization is possible near 1.1830, the overall bias favors continued downside unless the pair can reclaim and hold above key resistance levels. A breakdown below 1.1830 could trigger another leg lower toward deeper support zones.
