EURUSD | Technical Outlook
EURUSD price Trend: Market Structure
The EURUSD price Trend shows the pair trading around 1.1604, extending its bullish recovery after the previous corrective phase failed to sustain pressure below the 1.1380 – 1.1400 region. The Daily chart shows a strong rebound from the late-July lows, with price now challenging an important higher-timeframe resistance area around 1.1600 – 1.1620.
The impulsive advance from approximately 1.1570 toward 1.1610 has reinforced short-term bullish momentum, with H4 and H1 maintaining higher highs and higher lows above rising moving averages. M15 confirms strong buying pressure but shows an initial pullback after reaching approximately 1.1612, suggesting EURUSD is entering a key decision area following its latest expansion.
Key Resistance Zone
Immediate resistance is located around 1.1600 – 1.1620, supported by:
- Current Daily resistance area
- Recent H4 and H1 swing highs
- Previous higher-timeframe reaction zone
A confirmed breakout above this zone could expose:
- 1.1650 – 1.1670
- 1.1700 – 1.1730
A sustained move above 1.1620 would strengthen the bullish direction and signal potential continuation toward higher Daily resistance levels.
Key Support Zone
Immediate support is located around 1.1570 – 1.1580, where the latest H1 breakout and short-term moving averages provide potential support.
A breakdown below this zone could expose:
- 1.1540 – 1.1550
- 1.1510 – 1.1520
A sustained move below 1.1510 would weaken the current bullish direction and increase the risk of a deeper corrective phase.
EURUSD price Trend: Expectations
Bullish Scenario (Primary)
If EURUSD holds above 1.1570 – 1.1580, buyers may continue challenging the 1.1600 – 1.1620 resistance region.
A confirmed breakout above 1.1620 could trigger:
- A move toward 1.1650 – 1.1670
- Extension toward 1.1700 – 1.1730
The bullish scenario remains supported by the sequence of higher highs and higher lows on H4 and the positive alignment of the moving averages across H4, H1, and M15.
Bearish Scenario (Alternative)
Failure to establish a sustained breakout above 1.1600 – 1.1620 could trigger profit-taking following the recent strong advance.
This could result in:
- A pullback toward 1.1570 – 1.1580
- A deeper correction toward 1.1540 – 1.1550
A confirmed break below 1.1510 would significantly weaken the bullish setup and shift attention toward lower support levels.
Outlook
EURUSD maintains a bullish near-term bias, with H4, H1, and M15 showing sustained upward momentum while price remains above rising moving averages. However, the pair is now challenging the important 1.1600 – 1.1620 resistance region visible on the Daily chart, making the current area critical for determining whether the recovery can extend.
A decisive breakout above 1.1620 would reinforce bullish continuation and bring 1.1650 – 1.1670, followed by 1.1700 – 1.1730, into focus. Conversely, rejection from the current resistance area could trigger a corrective move toward 1.1570 – 1.1580 before buyers attempt another breakout.
