EURUSD | Technical Outlook
Market Overview
EURUSD is trading within a strong short-term bullish structure, supported by rising moving averages across intraday and higher timeframes. After forming a base earlier, price has resumed upward momentum, breaking above recent consolidation zones.
The broader structure suggests trend continuation, not a corrective bounce, as higher highs and higher lows are visible from H1 through Daily charts.
Key Resistance Levels
Immediate resistance is located at:
- 1.1790 – 1.1805
This zone represents:
- Previous daily supply
- A psychological resistance area
A confirmed daily close above 1.1805 would open the path toward:
- 1.1850
- 1.1900 (major daily resistance)
Key Support Levels
Immediate support is found at:
- 1.1745 – 1.1730
This area aligns with:
- Rising H1/H4 moving averages
- Previous breakout structure
If price breaks below 1.1730, downside risk increases toward:
- 1.1685
- 1.1640
Expectations
Bullish Scenario (Preferred While Above Support)
As long as EURUSD holds above 1.1730, upside continuation remains favored toward:
- 1.1805
- 1.1850
Pullbacks into support are likely to be bought.
Bearish Scenario (Only If Structure Breaks)
A sustained break below 1.1730 would signal loss of bullish control, opening a corrective move toward:
- 1.1685
- 1.1640
This scenario requires a clear breakdown, not just a brief spike lower.
Overall Outlook
EURUSD remains technically bullish, supported by strong structure across multiple timeframes. While short-term consolidation or shallow pullbacks are possible, the broader bias favors continuation higher unless key support levels fail.
Price behavior around 1.1730 support and 1.1805 resistance will define the next directional move.
