EURUSD | Daily Technical Outlook
Market Structure
EURUSD remains in a broader recovery structure on the daily timeframe, maintaining a sequence of higher lows since the January rebound. However, upside momentum has slowed significantly, with price now consolidating around the 1.1800 psychological zone.
On H4, the pair is trading sideways after failing to sustain a move above recent swing highs. The short-term structure reflects range-bound conditions, while the daily chart still leans mildly bullish as long as higher lows remain intact.
Key Resistance Zone
Immediate resistance is located at 1.1820 – 1.1850, where recent upside attempts have stalled.
Additional resistance levels:
- 1.1900 (previous swing high)
- 1.2000 – 1.2050 (major psychological and structural resistance)
A decisive break above 1.1850 would strengthen bullish continuation potential.
Key Support Zone
Immediate support stands at 1.1760 – 1.1780, which has acted as short-term demand.
Below that, stronger structural support is found at:
- 1.1700 – 1.1720
- 1.1600 (major higher-timeframe support)
A breakdown below 1.1700 would shift momentum back to the downside and invalidate the current recovery structure.
Expectations
Bullish Scenario (Primary)
As long as EURUSD holds above 1.1760, consolidation may resolve to the upside.
A breakout above 1.1850 could open the path toward:
- 1.1900
- 1.2000
Bearish Scenario (Alternative)
Failure to hold 1.1760 would expose 1.1700 initially.
A sustained move below 1.1700 could accelerate declines toward 1.1600.
Outlook
EURUSD is consolidating near 1.1800 after a steady recovery phase. The broader bias remains cautiously bullish while above 1.1700, but a clear breakout beyond 1.1850 is needed to confirm renewed upside momentum.
