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.