EURUSD | Technical Outlook
Market Structure – EURUSD Momentum
EURUSD momentum remains neutral-to-bullish after the pair successfully stabilized above the 1.1640 support zone following the latest corrective pullback. Price recently recovered from short-term weakness and continues consolidating near 1.1650, reflecting a market that is attempting to preserve upside momentum despite intraday volatility.
The broader H4 and Daily structure continues to show improving medium-term conditions after EURUSD rebounded from the major March lows and established a series of higher lows. Meanwhile, lower timeframe momentum across H1 and M15 remains mixed but slightly positive, with moving averages maintaining a constructive alignment while price continues trading above key support levels.
Key Resistance Zone
Immediate resistance is located at 1.1665 – 1.1685, supported by:
- Recent intraday swing highs
- H1 resistance structure
- Short-term supply zone
A confirmed breakout above this zone could trigger:
- 1.1710
- 1.1750 (major bullish continuation target)
As long as price remains below resistance, upside progress may continue facing temporary consolidation pressure.
Key Support Zone
Immediate support is seen at 1.1640 – 1.1620, which aligns with:
- Recent intraday lows
- H1 and H4 moving average support
- Short-term demand structure
A breakdown below this level would expose:
- 1.1590
- 1.1550 (major bearish correction target)
Holding above support remains essential to preserve the current recovery structure.
Expectations – EURUSD Momentum
Bullish Scenario (Primary)
If price remains above 1.1640, buyers may continue maintaining short-term control.
A breakout above 1.1685 could lead to:
- An advance toward 1.1710
- Extension toward 1.1750
Current higher-low formations continue supporting gradual bullish momentum.
Bearish Scenario (Alternative)
If sellers regain control below support, corrective pressure may strengthen.
This could trigger:
- A decline toward 1.1590
- Further downside toward 1.1550
A sustained breakdown below support would weaken the current recovery outlook.
Outlook – EURUSD Momentum
EURUSD momentum currently reflects cautious bullish conditions while price continues holding above the 1.1640 support zone. The broader Daily structure remains constructive, while H4 charts suggest the pair is attempting to extend its recovery phase after recent consolidation.
A confirmed breakout above 1.1685 would strengthen bullish continuation prospects toward higher resistance levels, while a break below 1.1620 could shift momentum back in favor of sellers and trigger a deeper corrective decline.
