EURUSD | Technical Outlook
EURUSD Prices Rise: Market Structure
The EURUSD prices rise as the pair rebounds from the 1.1370 support area and climbs back toward 1.1389, recovering from Thursday’s sharp sell-off. The M15 timeframe shows buyers regaining short-term control after breaking above the intraday moving averages, while the H1 chart confirms improving momentum with price stabilizing above recent consolidation levels.
On the H4 timeframe, EURUSD remains within a broader corrective structure after failing to sustain gains above 1.1460 earlier this month. However, the latest rebound suggests buyers are attempting to establish a higher low around the 1.1370–1.1380 demand zone. Meanwhile, the daily timeframe remains neutral to slightly bearish, with price still trading below major resistance despite the ongoing recovery.
Key Resistance Zone
Immediate resistance is located at 1.1395 – 1.1410, supported by:
- Recent H1 swing highs
- H4 moving averages
- Short-term supply zone
A confirmed breakout above this zone could expose:
- 1.1430
- 1.1460 (major H4 resistance)
As long as EURUSD remains below 1.1410, upside momentum may continue facing selling pressure.
Key Support Zone
Immediate support is seen at 1.1380 – 1.1370, where buyers recently defended the decline.
A breakdown below this level would expose:
- 1.1355
- 1.1335 (major H4 demand zone)
A sustained move below 1.1335 would invalidate the current recovery structure and reinforce the broader bearish outlook.
EURUSD Prices Rise: Expectations
Bullish Scenario (Primary)
If price remains above 1.1380, buyers could maintain short-term control.
A breakout above 1.1410 could trigger:
- A rally toward 1.1430
- Extension toward 1.1460
Bullish momentum would strengthen if EURUSD continues printing higher lows across the M15 and H1 timeframes.
Bearish Scenario (Alternative)
If sellers push price below 1.1380, downside pressure could quickly return.
This could result in:
- A decline toward 1.1355
- A move toward 1.1335
A sustained break below 1.1335 would reinforce the broader bearish structure.
Outlook
EURUSD prices rise as buyers attempt to recover from a key support area, improving the short-term technical outlook. While momentum has shifted in favor of buyers on the lower timeframes, the pair still needs a decisive breakout above 1.1410 to confirm a stronger bullish continuation.
Failure to hold above 1.1380 could quickly return selling pressure and expose 1.1355 and 1.1335, while a successful breakout above 1.1410 would improve sentiment and increase the probability of a move toward 1.1430 and 1.1460.
