EURUSD | Technical Outlook
Market Structure
EURUSD remains in a broader range-bound structure on higher timeframes, while short-term price action shows a loss of bullish momentum after the recent upside move.
On the Daily and Weekly charts, price continues to rotate around a key equilibrium zone near $1.1730, highlighting ongoing indecision rather than a directional breakout.
Lower timeframes (H1–M15) show a clear corrective pullback from recent highs, with price slipping below short-term moving averages and forming lower highs. This suggests short-term sellers are gaining control, while the broader structure remains neutral to mildly constructive.
Key Resistance Zone
The primary resistance zone is located at:
- $1.1730 – $1.1760
This area has repeatedly capped upside attempts across multiple timeframes and aligns with prior rejection wicks on the Daily and Weekly charts.
Additional resistance levels:
- $1.1780
- $1.1850 (major weekly resistance)
As long as EURUSD trades below $1.1760, upside momentum remains limited.
Key Support Zone
Immediate support is found at:
- $1.1680 – $1.1650
This zone has acted as a short-term demand area during recent pullbacks. A clean break below this level would expose deeper downside levels.
Further support levels:
- $1.1600
- $1.1550 (key structural support on higher timeframes)
Holding above $1.1650 is critical to prevent a deeper corrective phase.
Expectations
Bearish Scenario (Short-Term)
If price remains capped below $1.1730, further downside pressure is likely.
- A break below $1.1650 could open the door toward $1.1600
- Continued weakness may extend toward $1.1550
This scenario aligns with the current lower-timeframe momentum.
Bullish Scenario (Alternative)
A sustained move back above $1.1730 would signal renewed buying interest.
- Upside targets would include $1.1780
- A break and hold above $1.1850 would shift the broader structure bullish
Until then, upside attempts are likely to remain corrective in nature.
Outlook
EURUSD is currently consolidating within a broader range, with short-term price action favoring a mild corrective pullback. While downside pressure is present on lower timeframes, the higher-timeframe structure remains neutral and range-bound.
A decisive break above $1.1760 or below $1.1650 is required to confirm the next directional move.
