EURUSD | Technical Outlook
Market Structure – EURUSD Price Today
EURUSD price today remains decisively bearish after the euro failed to stabilize above the 1.1700 – 1.1720 resistance zone and extended losses aggressively toward the current 1.1620 support area. Price recently accelerated lower following a sharp downside continuation move, with strong bearish candles dominating both H1 and M15 structures.
The broader H4 and Daily structure now reflects renewed downside pressure after repeated rejection from higher resistance levels earlier this month. Moving averages across H1 and H4 remain in strong negative alignment, while intraday momentum continues favoring sellers as bearish trend continuation remains intact below resistance.
Key Resistance Zone
Immediate resistance is located at 1.1650 – 1.1680, supported by:
- Recent breakdown structure
- H1/H4 moving average resistance
- Intraday supply zone
A confirmed recovery above this zone could trigger:
- 1.1720
- 1.1760 (major bullish recovery target)
As long as price remains below resistance, bearish momentum may continue dominating near-term movement.
Key Support Zone
Immediate support is seen at 1.1620 – 1.1600, which aligns with:
- Current intraday lows
- Psychological support level
- Short-term demand structure
A breakdown below this level would expose:
- 1.1570
- 1.1520 (major bearish continuation target)
Holding above support remains critical to avoid a deeper downside extension.
Expectations – EURUSD Price Today
Bearish Scenario (Primary)
If price remains below 1.1680, sellers may continue controlling short-term momentum.
A break below 1.1600 could lead to:
- A decline toward 1.1570
- Extension toward 1.1520
Current lower timeframe momentum continues favoring bearish continuation pressure.
Bullish Scenario (Alternative)
If buyers reclaim resistance, corrective recovery momentum may emerge.
This could trigger:
- A move toward 1.1720
- Further upside recovery toward 1.1760
A sustained breakout above resistance would weaken the current bearish outlook.
Outlook
EURUSD price today remains under heavy bearish pressure while price continues trading below the 1.1680 resistance zone. The broader structure increasingly favors sellers following the latest breakdown, while lower timeframe momentum continues reflecting strong downside continuation.
A confirmed break below 1.1600 would strengthen bearish pressure toward lower support targets, while recovery above 1.1680 could stabilize sentiment and trigger a corrective rebound in the short term.
