EURUSD | Technical Outlook
EURUSD Prices Fall: Market Structure
The EURUSD Prices Fall as the pair trades around 1.1177, extending its bearish trajectory following a sustained decline from the August highs near 1.1700. The daily timeframe shows a clear sequence of lower highs and lower lows, with price trading below its major moving averages and approaching the 1.1160 – 1.1180 support region.
The H4 timeframe reinforces the bearish outlook, with successive breakdowns confirming persistent selling pressure. Meanwhile, the H1 and M15 charts show that recent recovery attempts toward 1.1200 – 1.1210 have failed to gain momentum, leaving the pair vulnerable to further declines.
Key Resistance Zone
Immediate resistance is located at 1.1195 – 1.1220, supported by:
- Recent H1/M15 rejection highs
- Short-term moving average resistance
- Previous support levels that may now act as resistance
A breakout above this zone could lead to:
- 1.1250 – 1.1275
- 1.1300 – 1.1330 (broader H4 resistance region)
As long as price remains below 1.1220, upside movements may remain corrective within the prevailing bearish trend.
Key Support Zone
Immediate support is seen at 1.1160 – 1.1175, where recent price action has approached the latest intraday lows.
A breakdown below this zone would expose:
- 1.1130 – 1.1140
- 1.1100 (next psychological support level)
A sustained move below 1.1160 would reinforce the bearish structure and increase the potential for further downside continuation.
EURUSD Prices Fall: Expectations
Bearish Scenario (Primary)
If EURUSD remains below 1.1195 – 1.1220, sellers may continue to dominate short-term price action.
A confirmed breakdown below 1.1160 could trigger:
- A decline toward 1.1130 – 1.1140
- Extension toward 1.1100
The prevailing lower-high structure across the daily and H4 timeframes continues to support the bearish outlook.
Bullish Scenario (Alternative)
If EURUSD successfully defends the 1.1160 – 1.1175 support zone, buyers may attempt a corrective recovery.
A breakout above 1.1220 could trigger:
- A recovery toward 1.1250 – 1.1275
- Extension toward 1.1300 – 1.1330
A sustained move above 1.1330 would weaken the immediate bearish outlook and suggest the possibility of a broader recovery.
Outlook
EURUSD remains in a bearish structure across the higher timeframes, while short-term price action shows continued selling pressure near an important support zone. The market is approaching a critical decision point, with 1.1160 acting as the key downside level.
A confirmed breakdown below 1.1160 could extend losses toward 1.1130 and potentially 1.1100, while a sustained recovery above 1.1220 may open the door for a corrective rebound toward 1.1275 – 1.1330.
