EURUSD | Technical Outlook
Market Structure
EURUSD is experiencing a renewed bearish continuation after failing to sustain its recent recovery phase. The latest downside pressure has pushed price lower, breaking short-term support levels and confirming a shift back toward bearish momentum.
The rejection from the 1.1600 – 1.1620 area triggered a fresh impulsive decline, driving price toward the 1.1510 region, where it is currently attempting to stabilize.
On the higher timeframes, the broader structure remains bearish, with price continuing to form lower highs, particularly on H4 and Daily. Moving averages are also aligned to the downside, reinforcing sustained selling pressure despite intermittent corrective rebounds.
Key Resistance Zone
Immediate resistance is located at 1.1550 – 1.1580, where recent consolidation and breakdown occurred.
A break above this zone could expose:
• 1.1600 – 1.1620 (key supply and prior rejection zone)
• 1.1680+ (higher timeframe resistance)
As long as price remains below 1.1580, upside attempts are likely to remain corrective.
Key Support Zone
Initial support is seen at 1.1500 – 1.1480, where price is currently hovering after the recent sell-off.
A breakdown below this area could open the door toward:
• 1.1450 – 1.1400 (next demand zone)
• 1.1350 (major structural support on the daily timeframe)
Failure to hold above 1.1480 would reinforce continuation of the bearish trend.
Expectations
Bearish Scenario (Primary)
The prevailing structure remains bearish while price trades below 1.1580.
A rejection from resistance followed by a break below 1.1480 would likely accelerate downside momentum toward 1.1450 and potentially 1.1400.
Bullish Scenario (Alternative)
A sustained move above 1.1580 could signal short-term recovery, opening the path toward 1.1620 and possibly higher.
However, a stronger reversal would require reclaiming higher timeframe resistance zones.
Outlook
EURUSD remains under bearish pressure across multiple timeframes, with the latest move suggesting continuation rather than reversal. While short-term stabilization is possible, the broader trend favors further downside unless key resistance levels are decisively broken.
