EURUSD | Technical Outlook
Market Structure
EURUSD is currently trading within a well-defined bullish structure, supported by higher highs and higher lows across the intraday and higher timeframes. After a strong impulsive rally, price entered a controlled consolidation phase, holding above key structural support without triggering a breakdown.
The pullbacks observed on the lower timeframes remain corrective in nature, as buyers continue to defend prior breakout zones. On the daily and weekly charts, EURUSD remains firmly above its medium- and long-term moving averages, confirming that the broader trend remains constructive rather than corrective.
Key Resistance Zone
The primary resistance is located at $1.1860 – $1.1890, a zone where price has recently stalled and printed minor rejection wicks. This area represents a short-term supply zone following the latest bullish impulse.
Additional resistance levels:
- $1.1915
- $1.1970 – $1.2000 (major psychological and structural resistance)
A clean breakout and hold above $1.1890 would signal renewed bullish continuation toward higher targets.
Key Support Zone
Immediate support is found at $1.1730 – $1.1750, aligning with prior breakout structure and dynamic moving average support on the H4 timeframe.
Below that, deeper support levels include:
- $1.1680
- $1.1600 – $1.1620 (major structural support)
As long as EURUSD holds above $1.1730, downside moves are considered pullbacks rather than trend reversals.
Expectations
Bullish Scenario (Primary)
If price holds above $1.1730 and breaks above $1.1890, EURUSD is likely to extend higher toward $1.1970 – $1.2000. Momentum and structure currently favor buyers, particularly if consolidation resolves to the upside.
Bearish Scenario (Alternative)
A sustained break below $1.1730 would weaken short-term bullish momentum and expose a move toward $1.1680. Only a daily close below $1.1600 would invalidate the broader bullish structure.
Outlook
EURUSD remains structurally bullish, with buyers firmly in control across multiple timeframes. The market is currently digesting gains below resistance, suggesting continuation rather than reversal. As long as price holds above key support levels, the bias remains tilted toward further upside, with higher resistance zones likely to be tested in the sessions ahead.
