EURUSD | Technical Outlook
Market Structure – EURUSD Price Movement
EURUSD price movement has shifted cautiously bullish after the pair successfully rebounded from the June lows and reclaimed the 1.1400 region. Following an extended decline from the mid-June highs near 1.1470, buyers have regained short-term control, allowing price to break above nearby intraday resistance while beginning to establish a sequence of higher lows across the lower timeframes.
The broader H4 and Daily structure continues to recover from the recent bearish trend, although price still faces significant resistance from the dominant higher-timeframe moving averages. Momentum on the M15 and H1 charts remains constructive as buyers continue defending pullbacks above the 1.1390 area. A sustained hold above current support would improve the probability of extending the recovery toward higher resistance zones.
Key Resistance Zone
Immediate resistance is located at 1.1415 – 1.1440, supported by:
- Recent H1 swing highs
- H4 resistance structure
- Confluence of previous breakdown levels
A confirmed breakout above this zone could trigger:
- 1.1470
- 1.1500 (major recovery target)
A sustained move above resistance would strengthen bullish momentum across the higher timeframes.
Key Support Zone
Immediate support is seen at 1.1390 – 1.1375, which aligns with:
- Current H1 support structure
- Recent higher lows
- Short-term moving averages
A breakdown below this level would expose:
- 1.1350
- 1.1320 (major bearish extension target)
Holding above support keeps the short-term recovery structure intact.
Expectations – EURUSD Price Movement
Bullish Scenario (Primary)
If price remains above 1.1390, buyers may continue controlling short-term market sentiment.
A break above 1.1440 could lead to:
- A rally toward 1.1470
- Extension toward 1.1500
The improving H1 and H4 structure favors continued recovery while support remains intact.
Bearish Scenario (Alternative)
If sellers regain control below support, the current recovery could lose momentum.
This could trigger:
- A decline toward 1.1350
- Further downside toward 1.1320
A sustained move below 1.1375 would weaken the current bullish outlook and shift momentum back in favor of sellers.
Outlook – EURUSD Price Movement
EURUSD price movement has improved after buyers reclaimed the 1.1400 level, signaling that bullish momentum is gradually returning following the recent downtrend. Although higher-timeframe resistance still limits the broader recovery, price action across the H1 and H4 charts now favors additional upside as long as the pair continues holding above key support.
A confirmed breakout above 1.1440 would strengthen the recovery outlook toward higher resistance objectives, while a drop below 1.1375 would invalidate the current bullish structure and increase the likelihood of renewed selling pressure.
