EURUSD | Daily Technical Outlook
Market Structure
EURUSD is undergoing a corrective pullback after failing to sustain its recent bullish extension. The pair topped near the 1.2000 area and has since rotated lower, shifting short-term momentum back in favor of sellers. While the broader structure remains constructive, price action shows hesitation and loss of upside strength.
Key Resistance Zone
Immediate resistance is located around 1.1885 – 1.1900, aligned with the recent breakdown and descending short-term averages.
Additional resistance levels:
- 1.1950 (key recovery cap)
- 1.2000 (major psychological and structural resistance)
As long as EURUSD remains below 1.1900, upside attempts are likely to remain corrective.
Key Support Zone
Near-term support is holding around 1.1850 – 1.1860, where price is currently stabilizing.
A confirmed break below this zone would expose lower support levels at:
- 1.1800
- 1.1750 (broader structural support)
Loss of 1.1750 would significantly weaken the medium-term bullish structure.
Expectations
Bearish Scenario (Primary)
If price fails to reclaim 1.1900, EURUSD may resume its pullback toward 1.1800, with risk of deeper continuation toward 1.1750.
Bullish Scenario (Alternative)
A sustained recovery above 1.1900 would signal renewed bullish intent, opening the path toward 1.1950 and potentially a retest of 1.2000.
Outlook
EURUSD is in a corrective phase following a strong rally, with sellers currently controlling price below key resistance. The outlook remains neutral-to-bearish in the short term unless the pair can reclaim and hold above the 1.1900 level.
