The pair traded within a range during the previous sessions, but the latest H1 structure shows a sharp bearish impulse followed by a corrective rebound. EUR/USD remains below the broken intraday support area, so the Pivot zone should act as the main control level for the full-day outlook.
Current price: 1.16062
Pivot: 1.1615
Nearest support levels:
S1: 1.1585
S2: 1.1565
S3: 1.1545
Nearest resistance levels:
R1: 1.1624
R2: 1.1648
R3: 1.1670
Note:
Above Pivot: a recovery above 1.1615 may reduce immediate downside pressure and open the way toward 1.1624 and 1.1648. A stronger bullish continuation will require consolidation above 1.1648.
Below Pivot: while the pair remains below 1.1615, the bearish scenario stays active. A renewed decline below 1.1585 may extend the move toward 1.1565 and 1.1545 during the day.
