EURUSD | Technical Outlook
EURUSD Price Movements: Market Structure
The EURUSD Price Movements show the pair trading around 1.1357, attempting to recover after a sustained bearish decline pushed price toward the 1.1310 – 1.1330 region. Buyers responded strongly from this area, driving a short-term rebound toward 1.1360.
The M15 and H1 charts show improving short-term momentum, with price forming higher lows during the latest recovery. However, the H4 and Daily timeframes remain clearly bearish, with price still below declining moving averages. This suggests the current rebound remains corrective unless EURUSD can reclaim stronger resistance above 1.1380 – 1.1400.
Key Resistance Zone
Immediate resistance is located at 1.1360 – 1.1380, supported by:
- Recent H1 breakdown area
- H4 moving-average resistance
- Previous intraday support turned resistance
A breakout above this zone could lead to:
- 1.1400 – 1.1420
- 1.1460 – 1.1480 (next major resistance zone)
As long as EURUSD remains below 1.1380 – 1.1400, the broader bearish trend may continue to limit the recovery.
Key Support Zone
Immediate support is seen at 1.1330 – 1.1340, where buyers have recently regained control on the lower timeframes.
A breakdown below this zone would expose:
- 1.1310 – 1.1320
- 1.1280 – 1.1300
A sustained move below 1.1300 would reinforce the broader bearish structure and open the door to additional downside pressure.
EURUSD Price Movements: Expectations
Bullish Scenario (Primary)
If EURUSD holds above 1.1330 – 1.1340, buyers may attempt to extend the current recovery.
A confirmed breakout above 1.1380 could trigger:
- A move toward 1.1400 – 1.1420
- Extension toward 1.1460 – 1.1480
A sustained move above 1.1400 would provide stronger evidence that the short-term rebound is developing into a broader recovery.
Bearish Scenario (Alternative)
Failure to clear 1.1360 – 1.1380 could bring sellers back into the market and interrupt the current rebound.
This could result in:
- A return toward 1.1330
- A retest of 1.1310 – 1.1320
- A deeper decline toward 1.1280 – 1.1300
A break below 1.1310 would signal renewed bearish continuation.
Outlook
EURUSD remains under broader bearish pressure on the H4 and Daily charts, while the lower timeframes show the first signs of a short-term recovery. The EURUSD Price Movements are therefore approaching an important decision area around 1.1360 – 1.1380.
A confirmed breakout above 1.1380 could extend the rebound toward 1.1400 – 1.1420. However, rejection from resistance followed by a break below 1.1330 could put the recent lows back in focus and revive the broader bearish move.
