EURUSD | Daily Technical Outlook
Market Structure
EURUSD is showing renewed bearish pressure after failing to sustain its latest recovery attempt. Price has rolled over from recent highs and is now trading back below a key mid-range level, signaling weakening bullish momentum and growing downside risk.
The rejection from the 1.1750–1.1780 area confirms this zone as an active supply region, while lower timeframes show accelerating downside momentum, suggesting sellers are regaining control in the near term.
Key Resistance Zone
The nearest resistance is located at 1.1730–1.1750, where price previously stalled before rolling over.
Additional resistance levels:
- 1.1780
- 1.1810 (major swing high / bearish invalidation)
As long as EURUSD trades below 1.1750, upside attempts are likely to remain corrective.
Key Support Zone
Immediate support sits around 1.1700–1.1705, a level currently being tested.
A confirmed breakdown below this zone would expose lower downside targets:
- 1.1665
- 1.1620–1.1600 (major structural support)
Failure to hold 1.1600 would significantly weaken the broader structure.
Expectations
Bearish Scenario (Primary)
Price action favors further downside as long as EURUSD remains below 1.1750.
A clean break below 1.1700 would likely accelerate selling toward:
- 1.1665
- 1.1620–1.1600
Bullish Scenario (Alternative)
A recovery and sustained move above 1.1750 would signal short-term stabilization, opening the door for a retest of:
- 1.1780
- 1.1810
Without reclaiming this zone, any upside is expected to remain corrective.
Outlook
EURUSD is under increasing bearish pressure, with sellers defending the 1.1750 region and price threatening a breakdown below key support. The bias remains bearish below resistance, while a loss of 1.1700 could accelerate the decline toward deeper support zones.
Bias: Bearish below 1.1750
Invalidation: Daily close above 1.1810
