EUR/USD, Technical Analysis – H4

The final phase of consolidation is underway ahead of a highly probable breakdown of the downward-sloping trendline. This pattern has repeated multiple times in this area and follows a familiar typical structure. Bulls remain unconvincing, showing insufficient momentum for a sustainable upward reversal.

Key Levels:

□ 1.1400 — Immediate support

□ 1.1450 — Local resistance

□ 1.1300 — Next downside target

Primary Scenario:

Loss of support at 1.1400 followed by a decline toward 1.1300.

Alternative Scenario:

Continuation of consolidation within the 1.1400–1.1450 range.

Analyst Commentary:

Any upward corrective moves are expected to provide favorable selling opportunities, as the broader technical picture remains bearish.