EURUSD Downside Outlook: Price Eyes Retest of 1.1540 Buyer ZoneHello traders! Here’s my technical outlook on EUR/USD based on the current market structure. After testing the Seller Zone near 1.16000–1.16200, the price once again faced rejection, forming a fake breakout around the descending Resistance Line. This confirms that sellers are still defending this area and keeping the pair inside a broader bearish structure. From there, EUR/USD pulled back toward the Buyer Zone, located between 1.15400–1.15000, which has acted as a reliable support area multiple times. The market is now moving inside a corrective pattern, showing weakening bullish momentum as it approaches support. As long as the pair trades below the Seller Zone and the descending trendline, bearish pressure remains dominant. The chart suggests a likely continuation toward the TP1 target at 1.15400, where buyers previously stepped in and produced notable recoveries. A clean bounce from this zone may trigger another short-term bullish correction — but without a breakout above 1.16000, any upside is likely to remain limited. A breakdown below 1.15400 could open the way for deeper declines toward lower support levels, while a confirmed breakout above the Seller Zone would shift short-term sentiment. Please share this idea with your friends and click Boost 🚀
