EURUSD | Technical Outlook
Market Structure
EURUSD is currently experiencing a clear bearish continuation after failing to sustain its previous recovery attempts. The latest selling pressure has driven the pair decisively lower, breaking multiple support zones and confirming renewed downside momentum across the market.
The recent decline from the 1.1800–1.1850 region triggered a strong impulsive move lower, pushing the pair toward fresh lows near the 1.1400–1.1450 area, where price is now attempting to stabilize. Despite the latest minor rebound, the broader structure remains bearish as the market continues to trade below key resistance levels and declining moving averages.
This price behavior suggests that the euro remains under pressure against the US dollar, with sellers maintaining overall control while buyers attempt to defend the current support zone.
Key Resistance Zone
Immediate resistance is located at:
1.1480 – 1.1520
This area represents:
- Recent breakdown levels
- Short-term supply pressure
- Confluence with declining moving averages
Stronger resistance stands at:
1.1580 – 1.1620
A sustained move above 1.1520 would signal improving bullish momentum and could trigger a broader recovery.
Key Support Zone
Immediate support is located at:
1.1400 – 1.1430
Below that, stronger support appears at:
1.1350 – 1.1370
A decisive break below 1.1350 could open the door for an extension of the current bearish trend.
Expectations
Bullish Scenario
If EURUSD manages to stabilize above the 1.1400 support region, buyers may attempt a short-term rebound toward 1.1480. A breakout above this resistance could allow the pair to extend gains toward 1.1580 and potentially 1.1620.
Such a move would suggest that the recent decline is entering a consolidation phase rather than continuing as a strong bearish trend.
Bearish Scenario
However, if the pair fails to reclaim 1.1480, selling pressure may resume and push price back toward the 1.1430 support area.
A break below 1.1400 would likely accelerate the decline toward 1.1370 and 1.1350, confirming that the bearish momentum remains dominant in the short term.
Outlook
EURUSD remains under clear bearish pressure after the recent sharp decline. While the pair is attempting to stabilize near current levels, the broader structure still favors sellers as long as price remains below key resistance zones.
The 1.1480 resistance area will be the key level to watch. A confirmed break above this level could shift momentum toward a deeper recovery, while continued rejection may keep the pair under pressure and lead to further downside movement.
