EURUSD | Technical Outlook
EURUSD Price Structure: Market Structure
The EURUSD Price Structure remains moderately bullish as the pair trades near 1.1542 after extending its recovery from the late-July lows and holding above the 1.1500 psychological level. On the M15 timeframe, sellers have introduced a short-term pullback, with price slipping below the fast moving averages after failing to sustain gains above 1.1555, signaling temporary profit-taking within the broader uptrend.
On the H1 timeframe, EURUSD continues to trade above the medium-term moving averages despite the recent loss of upside momentum, highlighting that buyers still retain overall control while price consolidates beneath recent highs. The H4 chart confirms a broader bullish structure, with the pair maintaining a sequence of higher highs and higher lows after its impulsive breakout from the 1.1390–1.1420 region. On the daily timeframe, EURUSD has resumed its primary recovery after rebounding from June’s lows, with price stabilizing above key long-term moving averages and approaching an important resistance area.
Key Resistance Zone
Immediate resistance is located at 1.1555 – 1.1570, supported by:
- Recent H1 and H4 swing highs
- Intraday supply zone
- Short-term resistance cluster
A confirmed breakout above this zone could expose:
- 1.1600
- 1.1650 (major daily resistance)
As long as EURUSD remains below 1.1570, bullish momentum may continue to slow near resistance.
Key Support Zone
Immediate support is located at 1.1535 – 1.1515, where buyers continue defending the recent breakout area.
A breakdown below this zone could expose:
- 1.1490
- 1.1450 (major H4 support)
A sustained move below 1.1450 would weaken the current bullish structure and shift momentum toward a deeper correction.
EURUSD Price Structure: Expectations
Bullish Scenario (Primary)
If EURUSD holds above 1.1515, buyers may attempt to resume the broader uptrend.
A breakout above 1.1570 could trigger:
- A rally toward 1.1600
- Extension toward 1.1650
Bullish momentum would strengthen if price continues holding above the H1 and H4 moving averages.
Bearish Scenario (Alternative Correction)
If sellers continue defending 1.1570, a short-term pullback may develop.
This could result in:
- A decline toward 1.1490
- A move toward 1.1450
A sustained break below 1.1450 would confirm a broader corrective phase.
Outlook
EURUSD Price Structure remains constructive despite the latest intraday pullback, with the broader trend continuing to favor buyers while the pair holds above 1.1515. Although short-term momentum has softened near resistance, the higher-timeframe structure still points to underlying buying interest.
Holding above 1.1515 keeps the focus on 1.1570, with a breakout opening the way toward 1.1600 and 1.1650. Conversely, losing 1.1515 would increase the probability of a deeper retracement toward 1.1490 and 1.1450 before buyers attempt to regain control.
