EURUSD | Daily Technical Outlook
Market Structure
EURUSD remains under sustained bearish pressure after failing to maintain its previous recovery phase. The pair continues to print lower highs and lower lows on the higher timeframe, confirming a dominant downward structure.
Recent price action shows consolidation near the 1.1780 region following a series of declines, but upside attempts remain limited and corrective in nature. The broader structure suggests sellers are still in control unless a meaningful resistance level is reclaimed.
Momentum remains fragile, with price hovering near recent lows rather than showing signs of impulsive recovery.
Key Resistance Zone
The nearest resistance stands at 1.1800 – 1.1820, a zone aligned with recent lower highs and dynamic resistance.
A sustained move above this level would expose:
• 1.1850
• 1.1880 – 1.1900 (major structural resistance)
As long as price remains below 1.1820, bearish pressure remains dominant.
Key Support Zone
Immediate support is located at 1.1760 – 1.1780, where price is currently attempting to stabilize.
A breakdown below this area would open the door toward:
• 1.1740
• 1.1700 (key psychological and structural support)
A decisive break under 1.1700 would reinforce the broader bearish continuation.
Expectations
Bearish Scenario (Primary)
As long as EURUSD trades below 1.1820, the structure favors further downside.
A break below 1.1760 could accelerate the decline toward 1.1740 and potentially 1.1700.
Bullish Scenario (Alternative)
A recovery above 1.1820 would signal short-term stabilization, opening the path toward 1.1850 and possibly 1.1880.
However, upside attempts are likely to remain corrective unless the pair reclaims 1.1900.
Outlook
EURUSD remains structurally bearish, consolidating near recent lows after sustained selling pressure. The bias favors continuation to the downside unless price can reclaim resistance above 1.1820. A break below 1.1760 would likely trigger renewed bearish momentum toward deeper support levels.
