EURUSD Outlook: Bearish Momentum Below 1.1835
EUR/USD Technical Analysis
📅 Date: February 4, 2026
💵 Current Price: 1.1815 (Approx.)
📍 Pivot Point: 1.1835
📉 Bearish Scenario (Main Trend)
The price is currently trading below the pivot level of 1.1835. As long as it remains under this zone, the bearish momentum is expected to continue:
Target 1: Support level at 1.1790.
Target 2: If the price breaks 1.1790 and stabilizes below it with a 1-hour or 4-hour candle close, the downtrend will strengthen towards 1.1745.
📈 Bullish Scenario (Alternative Case)
If the price manages to break above the pivot level of 1.1835 and stabilizes:
Target: The trend will shift to bullish, aiming for 1.1900.
📍 Key Technical Levels
Resistance (Upside): 1.1900 | 1.1930
Support (Downside): 1.1790 | 1.1745
💡 Market Sentiment: The EUR/USD pair is facing pressure due to the recent strengthening of the US Dollar, influenced by expectations of a more hawkish Fed policy. Traders should watch for a confirmation close below 1.1790 to confirm the next leg of the sell-off.

EURUSD Bearish Continuation After Liquidity Sweep
EURUSD on the 2H timeframe shows a completed bullish channel followed by a liquidity sweep at the highs, which marked exhaustion of the uptrend. After the sweep, price broke down from the rising structure and moved below the Ichimoku cloud, signaling a shift to bearish momentum. The pair is now consolidating in a tight range, suggesting distribution before the next move. As long as price remains capped below the cloud and prior channel support, the bias favors a downside continuation toward the marked target zone.

EURUSD Lower Timeframe Bearish Continuation
Quick Summary
EURUSD continues to trade bearish on lower timeframes and The move appears to be part of a daily timeframe correction, Price may retrace higher toward 1.19035
This level aligns with an H4 supply correction zone
After that continuation lower is expected to fill the liquidity void left uncorrected from the previous month
Full Analysis
EURUSD remains in a bearish phase on the lower timeframes
This downside movement is developing as a corrective leg within the daily structure
A temporary pullback to the upside is possible and Price may rise toward the 1.19035 level
This area represents a supply correction zone on the 4 hour chart
If price reacts from this zone the expectation is for bearish continuation
The main objective of this move is to fill the liquidity void that was left without correction during the previous month
As long as lower timeframe structure stays bearish any upside movement should be treated as corrective

EUR/USD at Key level: Expansion or Reversal Setup?
EUR/USD is currently trading within a critical technical area following a strong impulsive move to the upside. The daily structure remains constructive in the short term, but price has now reached a higher-timeframe supply zone that historically tends to attract sellers, making this level extremely relevant for the next directional decision.
From a price action perspective, the market recently broke above prior resistance with momentum, signaling underlying bullish pressure. However, the current retracement suggests the possibility of a classic continuation structure rather than an immediate reversal. As long as price holds above the ascending trendline and continues to print higher lows, the broader scenario favors another expansion leg toward the 1.2050–1.2100 area.
A deeper pullback into the underlying demand imbalance would still be technically healthy, allowing the market to rebalance before any potential continuation of the bullish move.
Looking at the COT report, non-commercial traders continue to increase long exposure while reducing short positions — a positioning shift that typically reflects growing institutional confidence in euro strength. At the same time, commercial participants remain structurally short, behavior consistent with their hedging needs during rising markets rather than a true directional signal. Overall, the latest flows maintain a moderately bullish bias.
The U.S. Dollar Index COT reinforces this view: large speculators remain net short on the dollar, suggesting that any USD rallies may remain corrective unless positioning changes materially.
Seasonality, however, introduces an important nuance. Historically, February tends to show mild euro weakness, particularly when observing the 5-year and 10-year averages. This does not necessari

02.02.26 Daily Forecast
Pairs on Watch -
FX:EURUSD
FX:GBPUSD
FX:GBPCAD
FX:USDCAD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!