EURUSD | Technical Outlook
Market Structure – EURUSD Price Movement
EURUSD price movement has shifted back to the upside after the pair successfully rebounded from the 1.1590 – 1.1600 support region and regained bullish momentum across intraday timeframes. Price recently broke above the 1.1620 resistance area and is now testing the 1.1640 region, reflecting renewed buying interest following several sessions of consolidation.
The broader H4 and Daily structure shows improving bullish conditions after EURUSD stabilized above key support levels and recovered from its recent decline toward the 1.1580 area. Meanwhile, H1 and M15 charts confirm a strong bullish impulse with higher highs and higher lows, suggesting buyers currently maintain control while price trades above major moving averages.
Key Resistance Zone
Immediate resistance is located at 1.1640 – 1.1660, supported by:
- Recent H1 swing highs
- H4 horizontal resistance
- Short-term supply structure
A confirmed breakout above this zone could trigger:
- 1.1680
- 1.1700 (major bullish continuation target)
As long as buyers maintain momentum above nearby support levels, further upside attempts remain possible.
Key Support Zone
Immediate support is seen at 1.1615 – 1.1600, which aligns with:
- Recent breakout structure
- H1 moving-average support
- Intraday demand zone
A breakdown below this level would expose:
- 1.1580
- 1.1550 (major bearish continuation target)
Holding above support remains critical to preserve the current recovery structure.
Expectations – EURUSD Price Movement
Bullish Scenario (Primary)
If price remains above 1.1600, buyers may continue controlling the short-term market structure.
A breakout above 1.1660 could lead to:
- A rally toward 1.1680
- Extension toward 1.1700
The prevailing H1 and H4 momentum currently favors additional upside attempts.
Bearish Scenario (Alternative)
If sellers defend resistance and push price back below support, corrective weakness may re-emerge.
This could trigger:
- A decline toward 1.1580
- Further downside toward 1.1550
A sustained move below support would weaken the current bullish recovery outlook.
Outlook – EURUSD Price Movement
EURUSD price movement has turned constructive after the pair regained strength above the 1.1600 support zone and advanced toward key resistance levels. The broader structure is gradually improving, while intraday momentum continues favoring buyers following the recent breakout.
A confirmed break above 1.1660 would strengthen bullish continuation prospects toward higher targets, while a move back below 1.1600 could signal the return of selling pressure and shift focus toward lower support zones.
