FX.co ★ Mou78Ibrahim | EUR/USD

EUR/USD market analysis for 3 March 2026 Market Overview EUR/USD continues to trade under bearish pressure as the U.S. dollar maintains strength amid risk-off sentiment in global markets. The pair recently broke below a short-term support zone near 1.1770, shifting momentum in favor of sellers. Although minor intraday rebounds have occurred, price action remains capped below the 1.1800 psychological level, indicating that downside pressure is still dominant. Current Price Structure The pair is trading below its recent consolidation range. Lower highs and lower lows are forming on the short-term charts. Momentum indicators favor continued downside unless price reclaims 1.1835 decisively. Short-term bias: Bearish Key Technical Levels Resistance Levels 1.1800 – 1.1820 → Immediate resistance zone 1.1835 – 1.1850 → Breakout level that could shift bias bullish 1.1900 → Stronger upside resistance if reversal develops Support Levels 1.1750 – 1.1730 → First key support area (currently under pressure) 1.1680 – 1.1650 → Next downside target zone 1.1580 → Major support if selling accelerates 1.1500 → Broader structural support Trading Scenarios Bearish Scenario (Preferred Setup) Sell on: A rejection near 1.1800–1.1820 OR A confirmed break below 1.1730 Targets: 1.1680 1.1650 1.1580 (extended move) Stop Loss: Above 1.1820 for rejection trades Above 1.1770 for breakdown continuation trades Reasoning: Trend structure favors sellers while below 1.1835. Bullish Reversal Scenario Buy only if: Price closes strongly above 1.1835 Targets: 1.1870 1.1900 1.1950 Stop Loss: Below 1.1800 Reasoning: A breakout above resistance would invalidate the bearish structure and suggest short covering. Fundamental Drivers to Monitor U.S. economic data releases (PMI, inflation expectations, labor data) Eurozone macro data Global risk sentiment and geopolitical developments U.S. Treasury yield movements Stronger U.S. data supports USD strength (bearish EUR/USD). Improved risk appetite or weak U.S. data could support a recovery. Summary Trend: Bearish (short-term) Bias: Sell rallies while below 1.1835 Critical Support: 1.1750 → 1.1680 → 1.1580 Critical Resistance: 1.1800 → 1.1835 Preferred Strategy: Sell breakdowns or sell rallies until structure shifts.