EURUSD | Technical Outlook
Market Structure – EURUSD Price Forecast
EURUSD price forecast shows the pair trading around 1.1685, stabilizing after a recent bearish move that followed a failed attempt to sustain gains above the 1.1750 region. Price declined from higher levels and found support near 1.1660, where a temporary consolidation phase is now developing.
The broader structure reflects a corrective pullback within a previously bullish phase on the daily timeframe. However, H4 and H1 charts indicate weakening momentum, with price forming lower highs, suggesting that bearish pressure remains dominant in the short term.
Key Resistance Zone
Immediate resistance is located at 1.1700 – 1.1735, supported by:
- Previous support turned resistance
- Moving average confluence
- Recent H1 rejection zone
A move into this area may face selling pressure. A confirmed breakout above 1.1735 could open the door for:
- 1.1760
- 1.1800 (major resistance level)
As long as price remains below 1.1735, upside potential may stay limited.
Key Support Zone
Immediate support is seen at 1.1660 – 1.1640, which aligns with:
- Recent swing low
- Intraday demand zone
- Psychological support area
A breakdown below this level would expose:
- 1.1610
- 1.1580 (key higher timeframe support)
Holding above this zone is critical to prevent further downside acceleration.
Expectations – EURUSD Price Forecast
Bullish Scenario (Alternative)
If price holds above 1.1660, a corrective rebound may develop.
A break above 1.1700 could trigger:
- A move toward 1.1735
- Extension toward 1.1760
However, bullish momentum remains limited unless key resistance is cleared.
Bearish Scenario (Primary)
Failure to maintain support would reinforce bearish continuation.
This could result in:
- A move toward 1.1640
- A drop toward 1.1610
Sustained weakness would confirm a deeper correction phase.
Outlook – EURUSD Price Forecast
EURUSD price forecast suggests the pair is consolidating after recent downside pressure, currently holding near the 1.1680 zone. While short-term price action shows signs of stabilization, the overall structure favors cautious bearish continuation below resistance.
A break above 1.1735 would improve the outlook toward recovery, while a move below 1.1660 could accelerate downside momentum.
