FX.co ★ EUR/USD

Hello traders, EUR/USD looks even weaker now than the pound. It's not just pressure anymore, it's a normal consistent slide down. No panic, but very methodical. The daily chart has broken the upward structure. The price is below the averages, with short bounces being immediately sold off. There is no attempt to regain control. This is important. On the 4-hour chart, everything is technically sound. Each high is lower than the previous one. Any rally is just a pullback, not an impulse. The 1.154–1.156 zone acts as a ceiling, where sellers step in again. The hourly chart confirms this. Pressure is applied gently, without spikes, but consistently. Such a market usually does not reverse sharply. It keeps crawling. In the short term, the support is holding around 1.148–1.149. It has already been tested, and the reaction is weak. If it breaks, there is a void down to 1.145 and below. The forecast for the day is 1.145–1.155, with a downward bias. This is how I see it. As long as it stays below 1.154, any long positions are just short bounces for a few tens of points. The working side is selling on pullbacks. Without unnecessary hopes. If by chance we move back above 1.156 and hold, then we can talk about a change in momentum. But for now, the market isn't even attempting to do that.