EURUSD | Technical Outlook
EURUSD Support and Resistance: Market Structure
The EURUSD Support and Resistance setup shows EURUSD currently trading around 1.1705, extending a strong bullish move after the previous corrective phase failed to generate sustained downside momentum. Price recently accelerated from the 1.1570 – 1.1590 region toward 1.1700+, bringing the pair into an important higher-timeframe resistance area.
The impulsive advance from the 1.1570 – 1.1590 zone toward 1.1705 confirms strengthening bullish momentum across H1 and H4, while the Daily chart shows a broader recovery from the late-July lows. However, price is now approaching a significant decision zone, where previous Daily price action could attract renewed selling pressure.
Key Resistance Zone
Immediate resistance is located at 1.1700 – 1.1720, supported by:
- Current H1/H4 swing-high region
- Higher-timeframe Daily resistance
- Psychological 1.1700 level
A breakout above this zone could lead to:
- 1.1750
- 1.1780
- 1.1810 – 1.1820 (next major Daily resistance area)
As long as price remains below 1.1720, the current rally may face short-term consolidation or rejection pressure.
Key Support Zone
Immediate support is seen at 1.1670 – 1.1650, where the latest intraday bullish expansion could attract renewed demand.
A breakdown below this zone would expose:
- 1.1630 – 1.1600
- 1.1570 – 1.1550 (key H1/H4 support zone)
A sustained move below 1.1550 would weaken the current bullish trend and increase the probability of a deeper corrective move.
EURUSD Support and Resistance: Expectations
Bullish Scenario (Primary)
If price holds above 1.1650 – 1.1670, buyers may maintain control of the short-term trend.
A confirmed breakout above 1.1720 could trigger:
- A move toward 1.1750
- Extension toward 1.1780
- Further upside toward 1.1810 – 1.1820
Momentum remains supported by higher highs and higher lows across the H1 and H4 timeframes.
Bearish Scenario (Alternative)
Failure to establish acceptance above 1.1700 – 1.1720 may trigger profit-taking and a corrective pullback.
This could result in:
- A move toward 1.1670 – 1.1650
- A deeper correction toward 1.1630 – 1.1600
A sustained break below 1.1550 would materially weaken the bullish setup and signal a potential shift in short-term momentum.
Outlook
EURUSD remains in a bullish trend across the H1 and H4 timeframes, while the Daily chart confirms a significant recovery from the late-July lows. However, the pair is now testing the critical 1.1700 – 1.1720 resistance zone, making the current area an important decision point.
A confirmed breakout above 1.1720 would reinforce bullish continuation toward 1.1750 and 1.1780, while rejection from resistance could produce a corrective pullback toward 1.1670 – 1.1650 before the market establishes its next directional move.
