EURUSD | Technical Outlook
Market Structure – EURUSD Price Action
EURUSD price action remains bullish after the pair rebounded strongly from the 1.1720 – 1.1730 support zone. Price recently accelerated higher toward the 1.1770 resistance area, recovering from the previous corrective decline and regaining short-term upside momentum.
The broader structure on H4 and Daily reflects improving bullish sentiment within the current recovery phase. Momentum across H1 and M15 remains positive, supported by higher lows, bullish moving average alignment, and strong impulsive candles, suggesting buyers currently maintain control of short-term direction.
Key Resistance Zone
Immediate resistance is located at 1.1770 – 1.1790, supported by:
- Recent swing highs
- Intraday breakout area
- Psychological resistance zone
A breakout above this zone could trigger:
- 1.1820
- 1.1850 (higher timeframe bullish target)
As long as price remains above short-term support, bullish continuation remains favored.
Key Support Zone
Immediate support is seen at 1.1740 – 1.1720, which aligns with:
- H1/H4 moving average support
- Recent breakout structure
- Intraday demand zone
A breakdown below this level would expose:
- 1.1690
- 1.1660 (major support area)
Holding above support remains essential to preserve the current bullish structure.
Expectations – EURUSD Price Action
Bullish Scenario (Primary)
If price holds above 1.1740, buyers may continue pushing the pair higher.
A break above 1.1790 could lead to:
- A move toward 1.1820
- Extension toward 1.1850
Current momentum continues supporting bullish continuation.
Bearish Scenario (Alternative)
Failure to hold above support may trigger a corrective pullback.
This could result in:
- A move toward 1.1720
- Further decline toward 1.1690
A deeper correction would weaken the current bullish outlook.
Outlook – EURUSD Price Action
EURUSD price action remains bullish after the pair regained upside momentum and approached the important 1.1770 resistance zone. The broader structure continues favoring buyers while price remains above 1.1740.
A confirmed breakout above 1.1790 would strengthen the bullish outlook toward higher targets, while a break below 1.1720 could trigger short-term corrective pressure before the uptrend resumes.
