The pair traded within a range after the earlier sell-off extended into a broader corrective leg and pushed the market toward the lower boundary of the recent weekly structure. On the H1 chart, EUR/USD remains under pressure: rebound attempts are still shallow, while sellers continue to defend the recovery zone formed above the market. This keeps the daily tone bearish, even though the pair is trying to stabilize near fresh local lows.
For the full trading day, the key question is whether buyers can protect the current base and trigger a meaningful corrective rebound, or whether the market will continue unwinding the previous bullish wave. As long as price stays below the pivot area, rallies are likely to be treated as corrective only.
Current price: 1.16779
Pivot: 1.16870
Nearest support levels: S1: 1.16680, S2: 1.16520, S3: 1.16350
Nearest resistance levels: R1: 1.16980, R2: 1.17180, R3: 1.17420
Note:
Above Pivot: If the pair regains 1.16870 and holds above it, buyers may develop a corrective recovery toward 1.16980 and 1.17180. If upside momentum strengthens during the day, the next target may come at 1.17420.
Below Pivot: If the pair remains below 1.16870, bearish pressure may continue toward 1.16680 and 1.16520. A deeper daily decline may then open the way to 1.16350.
