EURUSD | Technical Outlook
EURUSD Daily Forecast: Market Structure
The EURUSD Daily Forecast indicates sustained bearish pressure as the pair trades around 1.1126, following a sharp decline from the 1.1240–1.1260 resistance region. The latest selling wave has pushed EURUSD toward fresh short-term lows, reinforcing the bearish outlook while buyers attempt a modest recovery near immediate support.
The daily timeframe confirms a downward trend, with price trading below its key moving averages and forming successive lower highs and lower lows. The H4 timeframe reinforces this weakness, as sellers maintain control following the breakdown below 1.1200.
Meanwhile, the H1 and M15 timeframes reveal early stabilization around 1.1110–1.1120. However, the recovery remains limited, suggesting that any upward movement could face renewed selling pressure unless buyers reclaim nearby resistance.
Key Resistance Zone
The immediate resistance is located at 1.1135–1.1150, where recent price action and short-term moving averages could restrict recovery attempts.
- A confirmed breakout above 1.1150 could encourage a corrective rebound toward 1.1170–1.1180.
- The next significant resistance stands at 1.1190–1.1210, representing a previous support region that may now attract sellers.
- A sustained move above 1.1210 would weaken the immediate bearish outlook and suggest improving recovery momentum.
Key Support Zone
The primary support area is positioned at 1.1110–1.1120, where the pair is attempting to stabilize following its recent decline.
- A confirmed breakdown below 1.1110 could extend losses toward 1.1090–1.1100.
- Continued selling pressure may expose 1.1060–1.1080 as the next downside target.
- A sustained move below 1.1060 would reinforce the broader bearish trend and increase the likelihood of further depreciation.
EURUSD Daily Forecast: Expectations
Bearish Scenario (Primary)
As long as EURUSD remains below 1.1135–1.1150, sellers retain the advantage. A decisive break below 1.1110 could accelerate the decline toward 1.1090, followed by 1.1060–1.1080.
Bullish Scenario (Alternative)
If buyers successfully defend 1.1110–1.1120 and push prices above 1.1150, a corrective recovery toward 1.1170–1.1180 becomes possible. However, reclaiming 1.1190–1.1210 would be necessary to signal a more meaningful shift in short-term momentum.
Outlook
The EURUSD Daily Forecast maintains a bearish bias as the pair remains under pressure across the major timeframes.
The 1.1110–1.1150 range represents the immediate decision zone. A breakdown below support would favor further losses toward 1.1090 and 1.1060, while a recovery above 1.1150 could trigger a temporary rebound.
Until buyers establish a sustained move above 1.1190–1.1210, upward corrections are likely to remain vulnerable to renewed selling pressure.
