EURUSD | Technical Outlook
EURUSD Support and Resistance: Market Structure
The EURUSD is currently trading around 1.1700, with the EURUSD Support and Resistance structure reflecting strong bullish momentum across the H1 and H4 timeframes. The pair has extended its recovery aggressively from the July lows, breaking above several previous swing highs and maintaining a clear sequence of higher highs and higher lows.
On the Daily chart, the latest rally has carried EURUSD directly into the 1.1700 – 1.1720 region, an important resistance area that previously influenced price action during April and May. Meanwhile, H4 remains firmly bullish, with price trading above rising moving averages following the recent breakout from the 1.1570 – 1.1600 region.
The lower timeframes, however, show some hesitation around 1.1700 after the sharp advance. This suggests that although buyers retain control, the pair is now testing an area where either consolidation or a short-term corrective move could develop before the next directional leg.
Key Resistance Zone
Immediate resistance is located at 1.1700 – 1.1720, supported by:
- Major Daily resistance
- Recent H1 and H4 swing highs
- Psychological 1.1700 level
- Liquidity positioned above the latest highs
A confirmed breakout above this zone could expose:
- 1.1750
- 1.1780 – 1.1800
Sustained acceptance above 1.1720 would reinforce the bullish structure and open the way toward higher Daily resistance levels.
Key Support Zone
Immediate support is located around 1.1670 – 1.1650, where the recent H1 consolidation and breakout structure could provide initial demand.
If sellers push below this area, attention could shift toward:
- 1.1600 – 1.1570
- 1.1530 – 1.1500 as the stronger H4 support region
Holding above 1.1650 would preserve the immediate bullish structure. A sustained move below 1.1570, however, would signal a deeper correction and weaken the current upside momentum.
EURUSD Support and Resistance: Expectations
Bullish Scenario (Primary)
The bullish scenario remains favored while EURUSD holds above 1.1650 and maintains its higher-low structure.
A confirmed breakout above 1.1720 could trigger:
- A move toward 1.1750
- Further extension toward 1.1780 – 1.1800
The H1 and H4 moving-average structure continues to favor buyers, but a clear break of the current resistance zone is needed to confirm another leg higher.
Bearish Scenario (Alternative)
Failure to establish price above 1.1700 – 1.1720 could trigger profit-taking after the recent sharp advance.
This could result in:
- A pullback toward 1.1670 – 1.1650
- A deeper correction toward 1.1600 – 1.1570
A sustained break below 1.1570 would materially weaken the short-term bullish structure and increase the possibility of a broader retracement toward 1.1530 – 1.1500.
Outlook
EURUSD maintains a bullish technical structure, with the H1 and H4 charts showing strong upward momentum and the Daily timeframe confirming a substantial recovery from the June–July decline.
However, the pair has now reached the technically significant 1.1700 – 1.1720 resistance zone. A confirmed breakout above 1.1720 would strengthen the case for continuation toward 1.1750 and 1.1780 – 1.1800. Rejection from this area could instead produce a corrective pullback toward 1.1670 – 1.1650, where buyers may attempt to defend the broader bullish move.
