EURUSD | Technical Outlook
Market Structure
EURUSD is currently transitioning into a corrective and consolidation phase following a strong bullish impulse earlier in the week. After aggressively rallying from the mid-1.15s, price stalled near the 1.1730 – 1.1750 region, where selling pressure emerged and momentum slowed.
On the lower timeframes, price has shifted into a range-bound structure, with shallow pullbacks and overlapping candles, signaling reduced directional conviction. The H4 and Daily charts still reflect a broader recovery structure, but short-term momentum has clearly cooled as the pair digests recent gains.
Key Resistance Zone
Immediate resistance is defined at 1.1700 – 1.1730, a zone that repeatedly capped upside attempts after the latest rally.
Additional resistance levels:
- 1.1750 (recent swing high / rejection area)
- 1.1800 (major structural resistance on higher timeframes)
As long as EURUSD remains below 1.1730, upside momentum is likely to remain limited and corrective price action may persist.
Key Support Zone
Near-term support is holding around 1.1680 – 1.1660, which aligns with short-term moving average support and recent intraday demand.
Below this area, deeper support levels sit at:
- 1.1630
- 1.1600 (key H4 and Daily structural support)
A clean break below 1.1660 would increase the probability of a deeper corrective pullback toward the lower support zones.
Expectations
Bullish Scenario (Continuation Case)
If price holds above 1.1660 and successfully reclaims 1.1730, EURUSD could resume its broader recovery move, targeting:
- 1.1750
- 1.1800
A sustained break above 1.1800 would significantly strengthen the bullish structure on higher timeframes.
Bearish Scenario (Corrective Case – Primary)
Failure to reclaim 1.1730, followed by a break below 1.1660, would likely extend the current correction toward:
- 1.1630
- 1.1600
This would remain a corrective move unless price decisively breaks below 1.1600, which would weaken the broader bullish outlook.
Outlook
EURUSD is currently in a short-term corrective and consolidation phase after an impulsive bullish rally. While the broader structure remains constructive, momentum has paused, and price is likely to continue ranging between 1.1660 and 1.1730 in the near term. A breakout from this range will be required to define the next directional move, with 1.1730 acting as the key upside trigger and 1.1660 as the pivotal downside level.
