EURUSD | Daily Technical Outlook
Market Structure
EURUSD remains under bearish pressure, with price failing to sustain its recent recovery and rolling over from lower highs. The latest rebound attempt was capped near a prior resistance area, reinforcing the broader descending structure that has been in place since the late-December peak.
Price is now trading back near a key support pivot, where momentum has slowed but downside risk remains elevated unless buyers can reclaim higher ground.
Key Resistance Zone
The main resistance zone is located at 1.1730–1.1750, where multiple rejection attempts confirm active supply.
Additional resistance levels:
- 1.1780
- 1.1810 (major bearish invalidation zone)
As long as EURUSD trades below 1.1750, upside moves are likely to remain corrective.
Key Support Zone
Immediate support sits around 1.1685–1.1700, an area currently being tested.
A confirmed break below this zone would expose lower downside levels:
- 1.1660
- 1.1620–1.1600 (major structural support)
Failure to hold 1.1600 would significantly weaken the broader structure.
Expectations
Bearish Scenario (Primary)
The bias favors further downside while price remains below 1.1750.
A break below 1.1685 would likely accelerate selling toward:
- 1.1660
- 1.1620–1.1600
Bullish Scenario (Alternative)
A recovery above 1.1750 would signal short-term stabilization, opening the door for a move toward:
- 1.1780
- 1.1810
Without reclaiming this zone, bullish attempts are expected to be limited.
Outlook
EURUSD continues to trade with a bearish bias, as sellers defend key resistance and price hovers near critical support. A breakdown below 1.1685 could accelerate downside pressure, while only a reclaim of 1.1750 would ease the bearish outlook.
Bias: Bearish below 1.1750
Invalidation: Daily close above 1.1810
