The pair traded within a range after the previous upward spike, but the latest H1 structure shows a clear bearish reversal from the upper resistance area. EUR/USD is now trading near the lower part of the recent range, and the daily outlook remains cautious while the price stays below the Pivot zone.
Current price: 1.16138
Pivot: 1.1625
Nearest support levels:
S1: 1.1600
S2: 1.1585
S3: 1.1568
Nearest resistance levels:
R1: 1.1633
R2: 1.1650
R3: 1.1675
Note:
Above Pivot: a recovery above 1.1625 may reduce immediate bearish pressure and support a move toward 1.1633. If buyers manage to hold above this area, the pair may extend the correction toward 1.1650 and 1.1675 during the day.
Below Pivot: while EUR/USD remains below 1.1625, sellers may keep control. A break below 1.1600 would confirm renewed downside pressure and may open the way toward 1.1585 and 1.1568.
