FX.co ★ EUR/USD

EUR/USD Daily Chart Analysis The EUR/USD daily chart is showing a bearish structure after failing to continue its recent recovery. Price reacted from the marked OB + FVG (Order Block and Fair Value Gap) area near 1.1580 and was rejected strongly, which suggests that sellers are still controlling the market. I can see that the market respected the descending TLR (trendline resistance), and the latest candles indicate renewed downside momentum. The chart also shows several MSS (Market Structure Shift) and BOS (Break of Structure) points that support the bearish outlook. After reaching the supply zone, buyers were unable to push above resistance, and the pair quickly moved lower. The weekly high area marked as PWH around 1.1816 remains an important resistance level, while the recent lower highs confirm that the broader trend is still under pressure. I believe traders will continue watching the 1.1550–1.1600 region because it acted as a key decision zone where sellers entered aggressively. The long bearish candle after the rejection is a sign that market participants are taking profit on long positions and opening new short positions. From a technical perspective, the rejection from the premium zone increases the probability of further downside movement Looking ahead, the bearish trade setup shown on the chart targets the area around 1.1260, offering a strong risk-to-reward profile. I think this target is realistic if the current selling pressure continues and the U.S. dollar remains supported by economic data and monetary policy expectations. The pair is trading below the highlighted supply zone, which means sellers currently have the advantage. Any short-term pullback toward the order block could attract fresh selling interest before another move lower. I would watch for daily candle closes below recent swing lows because that would confirm continued bearish momentum. On the fundamental side, traders remain focused on interest rate expectations from the European Central Bank and the U.S. Federal Reserve. If U.S. economic reports remain stronger than expected while Eurozone growth stays weak, the dollar could gain additional strength against the euro. Geopolitical uncertainty and global risk sentiment may also influence market direction. Overall, the chart structure favors sellers, and I see the current decline as part of a broader bearish trend unless price can reclaim and hold above the 1.1580–1.1600 resistance zone. Until that happens, rallies may be viewed as selling opportunities rather than signs of a trend reversal.

EURUSD Technical Analysis: EUR/USD is trading around 1.1353 on the 4H chart and the overall structure remains bearish despite the recent recovery from the lower boundary of the descending TREND channel. Price continues to respect the channel formation, showing that sellers still control the broader direction. I can see that the previous MSS and BOS signals shifted market structure to the downside, and the recent bounce appears corrective rather than a complete trend reversal. The pair reacted from the lower channel support near 1.1320 and managed to climb back toward 1.1360, but buyers still face strong resistance overhead. Volume has remained relatively moderate during the recovery phase, which suggests that bullish participation is not yet strong enough to confirm a sustained reversal. The key level on the chart remains the SBR ZONE around 1.1423-1.1427. If price reaches this area, I would closely monitor the reaction because it aligns with previous support that may now act as resistance. As long as EUR/USD trades below this zone and remains inside the bearish channel, downside pressure is likely to continue. The current rebound may simply be a retracement toward resistance before sellers attempt to regain momentum.

From a technical perspective, the market is still producing lower highs and lower lows, keeping the bearish sequence intact. I notice that every recovery attempt has struggled to break above channel resistance, which reinforces the existing trend. A move toward 1.1400 and potentially the SBR ZONE near 1.1423 remains possible in the short term if buyers maintain control above 1.1340. However, failure around that resistance area could trigger another bearish leg. In that scenario, EUR/USD may revisit 1.1320 first, followed by 1.1280 and potentially 1.1200 in the coming sessions. The projected path drawn on the chart suggests a rejection from the SBR area followed by renewed selling pressure, and currently price action supports that possibility. I think bulls need a decisive break and close above 1.1427 to invalidate the bearish channel and challenge the broader downtrend. Until then, I remain cautious on upside expectations because the BOS and MSS signals continue to favor sellers. The next few candles near resistance will be important, and I believe market participants will be watching whether price respects the SBR ZONE or finally breaks through it to establish a stronger bullish recovery.