EURUSD Outlook: Bearish Momentum Below 1.1835
EUR/USD Technical Analysis
ЁЯУЕ Date: February 4, 2026
ЁЯТ╡ Current Price: 1.1815 (Approx.)
ЁЯУН Pivot Point: 1.1835
ЁЯУЙ 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.
ЁЯУИ 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.
ЁЯУН Key Technical Levels
Resistance (Upside): 1.1900 | 1.1930
Support (Downside): 1.1790 | 1.1745
ЁЯТб 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.
