EURUSD | Daily Technical Outlook
Market Structure
EURUSD remains within a broader bullish structure, supported by a strong impulsive rally that lifted price aggressively from mid-January lows. However, after reaching recent highs, the pair has entered a corrective consolidation phase, with momentum fading and price slipping below short-term dynamic support.
The recent pullback reflects profit-taking rather than a confirmed trend reversal, but bullish control has weakened in the near term as price struggles to sustain upside continuation.
Key Resistance Zone
Immediate resistance is located around 1.1935 – 1.1960, the zone formed by recent rejection and failed recovery attempts. Any rebound into this area is likely to face selling pressure.
Additional resistance levels:
- 1.2000
- 1.2030 – 1.2060 (major bullish continuation zone)
As long as EURUSD trades below 1.1960, upside moves are likely to remain corrective.
Key Support Zone
Initial support is found around 1.1900 – 1.1915, where price is currently attempting to stabilize.
A breakdown below this zone would expose lower support levels:
- 1.1865
- 1.1820 – 1.1840 (key structural support)
A sustained break below 1.1820 would significantly weaken the bullish structure and open the door for a deeper correction.
Expectations
Bearish Scenario (Primary)
Near-term risk remains tilted to the downside while EURUSD trades below 1.1960. A break below 1.1900 would likely accelerate selling pressure toward 1.1865 and potentially the 1.1820 support zone.
Bullish Scenario (Alternative)
A recovery above 1.1960 would signal renewed stabilization, allowing price to challenge the 1.2000 handle. A decisive break above 1.2030 would be required to fully restore bullish momentum.
Outlook
EURUSD is undergoing a healthy corrective phase following a strong upside run. While the broader trend remains constructive, near-term momentum favors consolidation or further downside unless price can reclaim key resistance. As long as 1.1960 caps price, sellers retain short-term control, with downside risks toward lower support zones still present.
