EURUSD | Technical Outlook
Market Structure
EURUSD is maintaining a strong bullish structure after an aggressive upside impulse, with price consolidating just below the 1.2000 psychological level. The recent rally was driven by sustained buying pressure, pushing the pair decisively higher from the 1.1600 area and shifting overall momentum firmly in favor of bulls.
On lower timeframes, price action shows healthy consolidation rather than reversal, suggesting the move is corrective within a broader bullish continuation rather than a trend change.
Key Resistance Zone
The primary resistance is located at 1.2000 – 1.2030, a major psychological and technical barrier where price is currently reacting.
Additional resistance levels:
• 1.2075
• 1.2120 – 1.2150 (major daily supply zone)
A clean break and sustained hold above 1.2030 would confirm bullish continuation toward higher targets.
Key Support Zone
Immediate support is found at 1.1950 – 1.1930, aligned with short-term structure and moving average support.
Below this zone, further support rests at:
• 1.1880 – 1.1860
• 1.1800 (key structural support)
Holding above 1.1930 keeps the bullish structure intact.
Expectations
Bullish Scenario (Primary)
As long as EURUSD holds above 1.1930, bullish momentum remains dominant.
A breakout above 1.2030 is likely to open the path toward 1.2075 and potentially 1.2120 in extension.
Bearish Scenario (Alternative)
A rejection from the 1.2000 – 1.2030 zone followed by a break below 1.1930 could trigger a deeper corrective pullback toward 1.1880 and possibly 1.1800.
This would be viewed as corrective unless price decisively breaks below 1.1800.
Outlook
EURUSD remains structurally bullish, consolidating beneath a major resistance zone after a strong impulsive advance. Buyers remain in control above 1.1930, while a confirmed breakout above 1.2030 would signal further upside continuation. A short-term pullback is possible, but the broader bias stays bullish unless key support levels fail.
