EURUSD | Technical Outlook
Market Structure
EURUSD remains in a broader bullish recovery on the higher timeframes, supported by higher highs and higher lows on the daily chart. However, intraday charts (M15 & H1) show short-term selling pressure after failing to sustain gains above the recent highs near 1.1920.
The pair is currently consolidating around the 1.1900 region, which is acting as a key decision level. While the overall structure remains constructive above 1.1860, short-term momentum has cooled and a minor pullback phase is underway.
Key Resistance Zone
Immediate resistance is located at 1.1920 – 1.1950, where recent upside attempts were rejected.
Additional resistance levels:
- 1.1980
- 1.2020 – 1.2050 (major daily supply zone)
A sustained break above 1.1950 would confirm bullish continuation toward higher resistance levels.
Key Support Zone
Immediate support is seen at 1.1890 – 1.1900, the current consolidation base.
Below that, downside levels to watch:
- 1.1860 – 1.1870
- 1.1800 – 1.1820 (major structural support on H4)
A breakdown below 1.1860 would weaken the short-term bullish structure and expose deeper retracement levels.
Expectations
Bullish Scenario (Primary)
As long as price holds above 1.1860, the broader recovery structure remains intact.
A break above 1.1950 would likely open the door toward:
- 1.1980
- 1.2020+
Bearish Scenario (Alternative)
Failure to hold 1.1890, followed by a break below 1.1860, could trigger a deeper pullback toward:
- 1.1820
- 1.1800
Sustained trading below 1.1800 would shift the broader outlook back to bearish.
Outlook
EURUSD maintains a medium-term bullish structure, but short-term momentum has slowed near resistance. The pair is currently at a key decision zone around 1.1900. Holding above 1.1860 keeps the bullish bias intact, while a breakdown below this level could initiate a deeper corrective move before any renewed upside attempt.
