EURUSD | Technical Outlook
Market Structure
EURUSD is showing a clear loss of bullish momentum after failing to sustain its recent upside extension. Price has rolled over from recent highs and is now trading below key short-term moving averages, signaling a shift toward bearish corrective pressure.
The recent rejection from the upper range confirms that buyers are losing control, as price now gravitates toward a critical horizontal support zone where the market will decide short-term direction.
Key Resistance Zone
Immediate resistance is located around 1.1830 – 1.1850, where previous bullish momentum stalled and selling pressure emerged.
Any rebound toward this zone is likely to face renewed selling interest.
Additional resistance levels:
- 1.1880
- 1.1920 – 1.1950 (major bearish rejection zone)
As long as EURUSD remains below 1.1850, upside attempts are expected to remain corrective.
Key Support Zone
Immediate support is found at 1.1810 – 1.1800, a level currently being tested.
A confirmed break below this zone would expose deeper downside targets:
- 1.1765 – 1.1750
- 1.1700 (major structural support)
Failure to hold 1.1800 would likely accelerate bearish momentum and confirm a broader corrective phase.
Expectations
Bearish Scenario (Primary)
The prevailing structure favors further downside as long as price remains capped below 1.1850.
A clean break below 1.1800 would likely trigger continuation toward 1.1765, with potential extension toward 1.1700.
Bullish Scenario (Alternative)
A recovery back above 1.1850 would be the first signal of short-term stabilization.
If reclaimed, price could attempt a move toward:
- 1.1880
• 1.1920, where sellers are expected to re-emerge unless momentum strengthens decisively.
Outlook
EURUSD is transitioning into a bearish corrective phase, with sellers gradually regaining control after rejecting higher levels. The structure remains vulnerable below 1.1850, while a confirmed break under 1.1800 would likely open the door for deeper downside toward key support zones.
