EURUSD | Technical Outlook
EURUSD Signals Today: Market Structure
The EURUSD Signals Today show the pair trading around 1.1643 – 1.1647, testing an important resistance area after a sharp rebound from the 1.1620 – 1.1625 region. The latest move has pushed price back above the short-term moving averages on M15 and H1, indicating renewed buying pressure after the earlier pullback.
The H4 structure is gradually improving, with EURUSD forming higher lows since the early-September bottom near 1.1570 – 1.1580. However, price is now approaching a key resistance area around 1.1645 – 1.1660, where previous selling pressure emerged. The Daily chart also shows a broader recovery structure, but buyers still need to clear this resistance to strengthen the bullish continuation scenario.
Key Resistance Zone
Immediate resistance is located at 1.1645 – 1.1660, supported by:
- Recent H1 and M15 swing highs
- H4 resistance structure
- Previous Daily reaction area
A breakout above this zone could lead to:
- 1.1680 – 1.1690
- 1.1710 – 1.1720
As long as price remains below 1.1660, the current rally may remain vulnerable to renewed selling pressure.
Key Support Zone
Immediate support is seen at 1.1620 – 1.1630, where the latest intraday rebound developed.
A breakdown below this level would expose:
- 1.1600 – 1.1610
- 1.1570 – 1.1580 (key H4 support zone)
A sustained move below 1.1570 would weaken the current recovery structure and shift the broader short-term outlook toward bearish.
EURUSD Signals Today: Expectations
Bullish Scenario (Primary)
If price holds above 1.1620 – 1.1630, buyers may continue challenging the current resistance.
A confirmed breakout above 1.1660 could trigger:
- A move toward 1.1680 – 1.1690
- Extension toward 1.1710 – 1.1720
The sequence of higher lows on H4 supports the recovery scenario, but confirmation requires a sustained breakout above resistance.
Bearish Scenario (Alternative)
Failure to establish price above 1.1645 – 1.1660 could trigger another corrective move.
This could result in:
- A pullback toward 1.1620 – 1.1630
- A deeper decline toward 1.1600 – 1.1610
A confirmed break below 1.1600 would increase downside pressure and bring the 1.1570 – 1.1580 support zone back into focus.
Outlook
EURUSD is approaching a key decision point after recovering strongly from its latest intraday decline. The 1.1645 – 1.1660 zone is now the main barrier separating the current recovery from a broader bullish continuation.
A confirmed breakout above 1.1660 would strengthen the bullish outlook and open the path toward 1.1680 – 1.1690, followed by 1.1710 – 1.1720. Failure to clear resistance could instead send EURUSD back toward 1.1620, making that level an important support for maintaining the current recovery structure.
