The pair traded within a range with a bearish intraday structure after failing to build on the previous recovery attempts. EUR/USD remains under pressure inside a broader short-term downward sequence that started after the rejection from the 1.1780 area. The rebound from the recent lows near 1.1670 was corrective, but buyers have not managed to regain control of the upper part of the current H1 range.
For the full trading day, the key zone is the 1.1705–1.1710 area. While the price remains below that balance zone, rallies should still be treated as corrective rebounds within a broader bearish structure. A stable move above it would ease pressure and allow a wider recovery, but only a stronger push through the upper resistance band would shift the daily tone more clearly back to neutral.
Current price: 1.17011
Pivot: 1.17080
Nearest support levels: S1: 1.16900, S2: 1.16740, S3: 1.16560
Nearest resistance levels: R1: 1.17180, R2: 1.17360, R3: 1.17600
Note:
Above Pivot: If the pair returns above 1.17080 and holds there, buyers may extend the correction toward 1.17180 and 1.17360. If momentum strengthens through the day, the market may then test 1.17600.
Below Pivot: If the pair stays below 1.17080, sellers may keep control and press the market toward 1.16900 and 1.16740. A broader daily decline would then expose 1.16560.
