EURUSD | Technical Outlook
EURUSD Price Targets: Market Structure
The EURUSD Price Targets remain focused on the 1.1620 – 1.1655 range as the pair trades around 1.1634. Price has recovered from the early-September lows, but the latest advance has stalled near 1.1645 – 1.1655, leaving EURUSD in short-term consolidation.
The H4 chart continues to show a gradual recovery supported by higher lows and improving moving-average positioning. However, the Daily chart shows price approaching an important resistance area, while M15 and H1 momentum has weakened slightly. This leaves 1.1630 acting as an important near-term pivot.
Key Resistance Zone
Immediate resistance is located at 1.1645 – 1.1655, supported by:
- Recent H1 rejection highs
- H4 resistance area
- Previous Daily price reaction zone
A breakout above this zone could lead to:
- 1.1680
- 1.1700 (next major resistance level)
As long as price remains below 1.1655, bullish continuation may remain limited.
Key Support Zone
Immediate support is seen at 1.1620 – 1.1610, where the H1 and H4 charts show recent buying interest.
A breakdown below this level would expose:
- 1.1590
- 1.1575 (key H4 support zone)
A sustained move below 1.1575 would weaken the current recovery structure and increase the probability of a deeper bearish correction.
EURUSD Price Targets: Expectations
Bullish Scenario (Primary)
If price holds above 1.1620, buyers may attempt to regain control and challenge the recent highs.
A breakout above 1.1655 could trigger:
- A move toward 1.1680
- Extension toward 1.1700
The bullish scenario remains supported by the sequence of higher lows visible on the H4 timeframe.
Bearish Scenario (Alternative)
Failure to break above resistance may lead to further consolidation or renewed selling pressure.
This could result in:
- A move back toward 1.1620
- A deeper decline toward 1.1590
A confirmed break below 1.1610 would strengthen short-term bearish momentum and bring 1.1575 into focus.
Outlook
EURUSD remains in a recovering structure on the H4 timeframe, but short-term price action is consolidating beneath the important 1.1645 – 1.1655 resistance zone. The pair is currently at a decision point, with 1.1620 – 1.1630 acting as the key pivot area.
For the next EURUSD Price Targets, a confirmed breakout above 1.1655 would favor continuation toward 1.1680 and potentially 1.1700, while a break below 1.1610 could shift attention toward 1.1590 – 1.1575.
