Euro Bears Still in Control Despite Support Reaction, Aim 1.1530

Hello traders! Here’s my technical outlook based on the current EURUSD (4H) chart structure. Price initially traded inside a well-defined descending channel, where sellers maintained control and the market consistently printed lower highs and lower lows. During this phase, every upward correction was capped near the channel resistance, while pullbacks continued to respect the descending structure. This behavior confirmed persistent bearish pressure and a controlled downtrend environment. Eventually, the decline slowed as price approached the highlighted Seller Zone, which previously acted as a strong support area before being broken. After a brief consolidation near this level, EURUSD produced a bullish breakout above the channel resistance, signaling a temporary shift in momentum. This breakout triggered a strong impulsive rally that pushed price sharply higher and formed a major swing high before the market reversed again. Following the peak, price entered a broader descending channel where bearish momentum gradually returned. Inside this structure, the market continued forming lower highs while respecting the descending resistance line and the mid-channel dynamic trend. The overall structure reflected a corrective phase within a larger bearish framework, with sellers repeatedly defending the upper boundary of the channel. Recently, EURUSD experienced a sharp breakdown below the mid-structure and dropped toward the highlighted Buyer Zone around 1.1530. At this demand area, selling pressure slowed and the market produced a technical bounce, showing that buyers are attempting to defend this key support level. Price is now trading between the Buyer Zone and the overhead Seller Zone near 1.1640, where previous support has turned into resistance. My primary scenario remains cautiously bearish while price stays below the 1.1640 resistance level and the descending resistance line. A confirmed rejection from this Seller Zone could push EURUSD lower again, opening the path for a retest of the 1.1530 support area. A breakdown below this support would strengthen bearish continuation and expose lower liquidity levels. However, if buyers manage to reclaim the 1.1640 resistance zone and secure acceptance above it, the structure could shift toward a broader corrective recovery. In that case, the next upside objective would be higher resistance areas inside the descending channel. For now, the market remains in a reaction phase between key supply and demand zones, so waiting for confirmation is essential. Please share this idea with your friends and click Boost 🚀

การซื้อขายยังคงดำเนินอยู่

So far, the situation is such that the euro continues to form lower highs and lows. So the movement is still unchanged. We can only wait.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

In my opinion, the analysis worked well, we were able to reach the buyer's zone, after which the price rebounded and most likely it will retest support again.

LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8

และใน:

คำจำกัดสิทธิ์ความรับผิดชอบ

ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน

LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8

และใน: