EURUSD | Daily Technical Outlook
Market Structure
EURUSD is attempting a short-term recovery after stabilizing above the 1.1800 psychological zone. However, the broader structure remains corrective within a medium-term consolidation phase following the sharp January rally and subsequent pullback.
On the lower timeframes, price has rebounded from recent intraday lows near 1.1810–1.1820, pushing back toward the 1.1850 area. Despite this bounce, the pair is still trading below key dynamic resistance levels on H1 and H4, suggesting that upside momentum remains limited unless a stronger breakout develops.
The daily timeframe shows price holding above the 1.1750–1.1780 base but failing so far to reclaim the 1.1900 region decisively.
Key Resistance Zone
The nearest resistance stands at 1.1850 – 1.1870, where recent breakdowns and moving averages converge.
Additional resistance levels:
- 1.1900 (major psychological barrier)
- 1.1970 – 1.2000 (key daily supply zone)
As long as EURUSD remains below 1.1900, the broader upside remains vulnerable to renewed selling pressure.
Key Support Zone
Immediate support is located at 1.1820 – 1.1800, a short-term demand area that triggered the latest rebound.
A breakdown below 1.1800 would expose:
- 1.1780
- 1.1750 (major structural support on the daily timeframe)
A sustained move below 1.1750 would shift the structure back into a clearer bearish phase.
Expectations
Bearish Scenario (Primary)
If price fails to hold above 1.1850 and remains below 1.1900, sellers may regain control.
A break below 1.1800 would likely accelerate downside momentum toward 1.1780 and potentially 1.1750.
Bullish Scenario (Alternative)
A confirmed breakout above 1.1870 followed by a move through 1.1900 would signal strengthening bullish momentum.
This could open the path toward:
- 1.1970
- 1.2000
Reclaiming 1.1900 is essential to weaken the current corrective pressure.
Outlook
EURUSD is showing short-term stabilization, but the broader structure remains cautious below 1.1900 resistance. The pair must decisively clear 1.1870–1.1900 to confirm bullish continuation, while a break below 1.1800 would shift momentum back in favor of sellers.
