EURUSD Technical Analysis: Sellers Drive Structure Toward Demand

EURUSD trades near 1.1569 after extending its corrective leg toward the primary discount zone. Price rejected overhead supply and initiated structural shifts lower. Key resistance aligns at the 1.1582 Bearish Order Block, while major demand sits at 1.1564. The intraday plan focuses on selling pullbacks into unmitigated supply.

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EURUSD continuing a bearish intraday trend after failing to 1.1612 premium high. The market successive structural breaks and currently trades in a deep discount zone. Traders face resistance at 1.1582 and demand zone at 1.1564, ahead of US macroeconomic releases.

Today’s Economic Calendar

Time (GMT)	Economic Event	Impact	Possible Effect on EURUSD
12:30	US Building Permits / Housing Starts	Medium	Higher prints strengthen USD, accelerating EURUSD sell-off.
13:15	US Industrial Production MoM	Medium	Better-than-expected data pressures EURUSD toward demand.
18:00	FOMC Member Speech	Medium	Hawkish rhetoric weighs on EURUSD; dovish stance supports relief rally.

EURUSD Market Structure Analysis

EURUSD shows a bearish shift in intraday market structure on the M15 timeframe. Price swept buy-side liquidity at the 1.1612 Weak High before reversing sharply. A clear Change of Character (CHoCH) occurred near 1.1585, followed by a confirmed Break of Structure (BOS) below 1.1576.

Sellers established two distinct Bearish Order Blocks at 1.1582–1.1586 and 1.1588–1.1593 near equilibrium. Price has now pushed into the discount zone, testing the primary Bullish Order Block at 1.1564–1.1567 and the Strong Low base.

No secondary oscillators or volume indicators are plotted on the chart. Structural price action dictates that the prevailing order flow remains bearish until price reclaims supply above equilibrium.

EURUSD Trading Plan

Market Bias	Entry Zone	Stop Loss	Take Profit 1	Take Profit 2	Risk Reward	Holding Time
Bearish	1.1580 – 1.1585	1.1595	1.1567	1.1540	1:2.8	Intraday (2–5 Hours)

Wait for an upward corrective pullback into the lower Bearish Order Block (1.1582–1.1585). Confirm entry with lower-timeframe bearish rejection wicks before executing short positions.

EURUSD Price Outlook

Bullish Scenario

A confirmed M15 close above 1.1585 invalidates immediate bearish continuation. Buyers must reclaim equilibrium at 1.1588 to target the higher supply zone at 1.1593 and the premium high at 1.1612. Failure to hold 1.1564 demand invalidates any intraday reversal attempt.

Bearish Scenario

A sustained breakdown below 1.1564 confirms structural continuation into deeper discount levels. This move opens downside targets toward 1.1540 and 1.1520. The bearish trend invalidates if price breaks cleanly above the 1.1593 Bearish Order Block.

Key Support and Resistance Levels

Level Type	Price Level	Technical Reason
Resistance 2	1.1612 – 1.1615	Premium supply and Weak High liquidity pool.
Resistance 1	1.1582 – 1.1586	Lower Bearish Order Block and breakdown origin.
Pivot	1.1588	Equilibrium level dividing premium and discount pricing.
Support 1	1.1564 – 1.1567	Dual Bullish Order Block demand zone.
Support 2	1.1535 – 1.1540	Higher timeframe structural swing support base.

Final Outlook

EURUSD remains under clear bearish order flow following consecutive structural breaks on the M15 timeframe. A pullback toward the 1.1582 Bearish Order Block offers favorable intraday short setups targeting a retest of 1.1564 demand.

Analyst’s Note

Avoid chasing short positions at the extreme discount zone. Wait for price to pull back into premium/equilibrium supply before entering.

Disclaimer: Technical analysis published by FXRecap is for informational purposes only and does not constitute financial or investment advice. Trading leveraged products carries significant risk to your capital.