EURUSD | Euro-Dollar Technical Outlook
Market Overview
EURUSD is trading near the 1.1740 area, showing signs of short-term consolidation after a strong bullish move earlier in the week. The pair rallied aggressively, but recent price action suggests momentum is cooling as buyers hesitate near a key resistance zone.
Despite the pause, the broader structure across H1, H4, and Daily timeframes remains constructive, with price holding above key moving averages and higher lows still intact.
Key Resistance Levels
EURUSD is currently capped by a critical resistance zone:
- 1.1745 – 1.1760
This area has repeatedly limited upside attempts and represents the level bulls must clear to resume the upward move.
A confirmed breakout above 1.1760 could open the door toward:
- 1.1800
- 1.1850 (major upside target)
Momentum remains positive, but a clear catalyst is needed to push price beyond this barrier.
Key Support Levels
Immediate support is located at:
1.1715 – 1.1700
This zone aligns with short-term moving averages and has so far protected the bullish structure.
If price breaks below 1.1700, deeper downside levels come into focus:
- 1.1660
- 1.1600 (key daily support)
Holding above 1.1700 keeps the medium-term outlook positive.
Technical Expectations
Bullish Scenario (Primary Outlook)
- Price remains above 1.1700
- Moving averages continue to slope upward
- A breakout above 1.1760 may trigger renewed buying pressure
Upside targets:
- 1.1800
- 1.1850
Bearish Scenario (Alternative)
- Failure to hold 1.1700
- Increased selling pressure below short-term support
Downside targets:
- 1.1660
- 1.1600
This scenario would represent a correction, not a full trend reversal unless daily structure breaks.
Overall Outlook
EURUSD remains technically bullish, but currently in a consolidation phase following its recent rally. The market is waiting for a decisive move either above 1.1760 or below 1.1700 to determine the next directional leg.
Until then, range-bound price action is likely, with traders focused on breakout confirmation or pullback opportunities.
