EUR/USD Price Outlook – Trade Setup

Technical Structure

EURUSD
EUR/USD remains in a range-bound structure, capped by the 1.1792–1.1805 resistance zone while holding above the 1.1724–1.1736 support zone.
Price recently swept liquidity below support and rebounded sharply, forming a bullish rejection and short-term higher low. The current move shows a recovery leg toward mid-range, rather than a confirmed breakout.
As long as price holds above 1.1724, the short-term structure favours a corrective upside toward resistance, but overall still within a broader consolidation.
Short-term bias: Bullish (range rebound)

Trade Setup (Buy on Support Rebound)
Entry Zone: 1.1724 – 1.1736
Stop Loss: 1.1718
Take Profit 1: 1.1792
Take Profit 2: 1.1805
Risk–Reward Ratio: Approx. 1:3.82
Invalidation:
A break below 1.1718 would invalidate the rebound and expose downside continuation.

Macro Background
Fundamentals are mixed and asymmetric:
Ceasefire extension reduces immediate USD demand
BUT Hormuz risks keep inflation concerns elevated → supports USD on spikes
Fed political uncertainty continues to pressure USD longer-term
Upside in EUR is limited, downside risk sharper if tensions escalate
Overall macro bias: Neutral with downside risk asymmetry

Key Technical Levels
Resistance Zone: 1.1792 – 1.1805
Support Zone: 1.1724 – 1.1736
Invalidation Level: 1.1718
Trade Summary
EUR/USD is rebounding from support within a range.
Preferred strategy: Buy the dip toward mid-range / resistance, not a breakout play.