EURUSD | Technical Outlook
Market Structure – EURUSD Market
The EURUSD market is attempting a short-term recovery after finding support near the 1.1590 – 1.1600 area and rebounding from recent weekly lows. Price recently regained some bullish momentum on intraday timeframes, pushing back toward the 1.1620 region after several sessions of persistent selling pressure.
The broader H4 and Daily structure remains neutral-to-bearish after EURUSD lost momentum from its April highs and continued trading below key moving-average resistance levels. Meanwhile, H1 and M15 charts show improving short-term sentiment, suggesting buyers are trying to establish a corrective recovery from recent lows.
Key Resistance Zone
Immediate resistance is located at 1.1625 – 1.1650, supported by:
- Recent swing highs on H1 and H4
- Key moving-average resistance
- Short-term supply structure
A confirmed breakout above this zone could trigger:
- 1.1680
- 1.1720 (major bullish recovery target)
As long as price remains below resistance, upside moves may continue facing selling pressure.
Key Support Zone
Immediate support is seen at 1.1590 – 1.1570, which aligns with:
- Recent intraday lows
- Short-term demand structure
- Psychological support area
A breakdown below this level would expose:
- 1.1540
- 1.1500 (major bearish continuation target)
Holding above support remains important to maintain the current recovery attempt.
Expectations – EURUSD Market
Bullish Scenario (Primary)
If price remains above 1.1590, buyers may continue building recovery momentum.
A breakout above 1.1650 could lead to:
- A move toward 1.1680
- Extension toward 1.1720
The improving intraday structure supports additional upside while support remains intact.
Bearish Scenario (Alternative)
If sellers regain control below 1.1570, the broader downtrend may resume.
This could trigger:
- A decline toward 1.1540
- Further downside toward 1.1500
A sustained break below support would reinforce bearish sentiment across higher timeframes.
Outlook – EURUSD Market
The EURUSD market is showing signs of stabilization after rebounding from recent lows, but the broader H4 and Daily structures remain cautious while price continues trading below major resistance levels.
A confirmed break above 1.1650 would strengthen recovery prospects and shift momentum back toward buyers, while a move below 1.1570 could reactivate bearish pressure and expose lower support targets.
