EURUSD Confirms Bearish Market Structure Below 1.1570 Resistance

Jun 11

Hello traders! Here’s my technical outlook based on the current EURUSD (4H) chart structure. EURUSD previously traded above an ascending support line after breaking out from a long-term resistance trendline. Following a strong bullish advance, price reached a major turning point and reversed lower, eventually breaking below the rising structure and shifting momentum back to the downside. Currently, EURUSD is trading below the 1.1570 Seller Zone while holding above the 1.1460 Buyer Zone. Price recently broke down from a prolonged consolidation range and confirmed a bearish breakout below both the range support and the descending trendline. As long as EURUSD remains below the 1.1570 resistance level and continues to respect the Seller Zone, the bearish scenario remains valid. A short-term pullback toward resistance is possible, but if sellers maintain control, price could continue lower toward the 1.1460 Buyer Zone (TP1). Please share this idea with your friends and click “Boost” 🚀

Jun 12

Trade active

Today we can see that after the drop there was a sharp impulse above the resistance. If the price consolidates there, then our scenario is canceled!

Jun 15

Order cancelled

We can see that the euro has consolidated at the higher resistance level, so our scenario is canceled!