EURUSD: Trendline Pressure, 1.1500 in Focus

EURUSD remains under bearish pressure on the H2 timeframe, as the price continues to trade below the downtrend line and has failed to reclaim the Ichimoku zone around 1.1533–1.1546. Previous attempts to approach the trendline have met with distinct selling pressure, indicating that buyers lack the momentum to reverse the market structure.

In the short term, I anticipate a potential pullback towards the 1.1500 level. A decisive break below this support zone could see selling pressure extend to lower levels.

Conversely, the bearish scenario would weaken if the price breaks and sustains above 1.1556 while also clearing the downtrend line.

Preferred trend: Bearish | Resistance: 1.1556 | Target: 1.1500