EURUSD | Daily Technical Outlook
Market Structure
EURUSD is showing a strong bullish rebound after an extended period of consolidation. The sharp rally on the M15 and H1 charts indicates renewed buyer momentum, pushing price back toward a key resistance zone near 1.1650.
Higher timeframes (H4 and Daily) confirm a gradual bullish recovery, with price forming higher lows and attempting to reclaim critical moving averages.
Key Resistance Levels
EURUSD is currently testing an important resistance zone:
1.1645 – 1.1655
- This area rejected price multiple times in recent sessions.
- A breakout above 1.1655 would strengthen bullish continuation.
Targets if resistance breaks:
- 1.1680
- 1.1720
These levels align with previous swing highs and Fibonacci projection zones.
Key Support Levels
Immediate support is forming near:
1.1615 – 1.1625
- This zone was a breakout base on lower timeframes.
Additional support:
- 1.1590 (intraday support on H1)
- 1.1555 (major structural support on H4)
As long as EURUSD remains above 1.1615, the bullish outlook stays intact.
Expectations
Bullish Scenario (Primary)
If EURUSD holds above 1.1615, the pair is likely to retest 1.1655.
A clean breakout above this level opens the path toward:
- 1.1680
- 1.1720
Momentum would favor buyers in this scenario.
Bearish Scenario (Alternative)
A fall below 1.1615 would signal weakening momentum, creating room for a retracement toward:
- 1.1590
- 1.1555
Only a drop under 1.1555 would threaten the broader recovery trend.
Outlook
EURUSD currently shows bullish strength, with improving structure across all timeframes. The main focus now is whether price can break 1.1655, a key trigger for continuation.
Failure to break the resistance may lead to a minor corrective pullback before another upward attempt.
