EURUSD | Technical Outlook
Market Structure – EURUSD Trend
EURUSD trend remains neutral-to-bullish after the pair successfully defended the 1.1600 area and recovered from the sharp intraday selloff seen late last week. Following the decline toward the 1.1605 region, buyers returned aggressively and pushed price back above the short-term moving averages, allowing EURUSD to stabilize near the 1.1640 – 1.1650 pivot zone.
The broader H4 and Daily structure continues to reflect consolidation rather than a clear directional trend. While the Daily timeframe remains trapped within a wider range around the 1.1650 area, H1 momentum has improved following the latest recovery. Meanwhile, M15 shows short-term consolidation beneath nearby resistance, suggesting the market is waiting for a catalyst before committing to its next directional move.
Key Resistance Zone
Immediate resistance is located at 1.1655 – 1.1670, supported by:
- Recent intraday swing highs
- H1 resistance structure
- Short-term supply zone
A confirmed breakout above this zone could trigger:
- 1.1690
- 1.1720 (major bullish continuation target)
As long as buyers maintain pressure above support, upside opportunities remain available.
Key Support Zone
Immediate support is seen at 1.1630 – 1.1615, which aligns with:
- Recent intraday lows
- H1 moving average support
- Short-term demand structure
A breakdown below this level would expose:
- 1.1600
- 1.1575 (major bearish continuation target)
Holding above support remains essential to preserve the current recovery structure.
Expectations – EURUSD Trend
Bullish Scenario (Primary)
If price remains above 1.1615, buyers may continue controlling short-term momentum.
A breakout above 1.1670 could lead to:
- A rally toward 1.1690
- Extension toward 1.1720
Current recovery momentum across H1 supports the possibility of additional upside.
Bearish Scenario (Alternative)
If sellers regain control below support, downside pressure could return.
A breakdown below 1.1615 may trigger:
- A decline toward 1.1600
- Further downside toward 1.1575
Failure to maintain support would weaken the current recovery outlook.
Outlook – EURUSD Trend
EURUSD trend is currently stabilizing after recovering from recent weakness, with price consolidating around the important 1.1650 pivot area. The broader structure remains range-bound, but improving short-term momentum gives buyers a slight advantage while support holds.
A confirmed breakout above 1.1670 would strengthen bullish continuation prospects toward higher targets, while a move below 1.1615 could shift momentum back in favor of sellers and expose deeper downside levels.
