The EUR/USD pair remains under bearish pressure after a clear Market Structure Shift (MSS) on the daily chart. Price broke below the ascending trendline and confirmed a structural change from bullish to bearish.
Key Highlights
Supply Zone: 1.1770 – 1.1850 acted as a strong rejection area.
Recent Pullback: Price retested the minor supply block around 1.1640 and rejected it, confirming sellers’ control.
Support Zone: 1.1390 remains the next major target if bearish momentum continues.
Trading Outlook
- As long as EUR/USD stays below 1.1640, the bias remains bearish.
- Sell zone: 1.1570 – 1.1640
- Targets: 1.1450 and 1.1390
- Invalidation: Break and close above 1.1670
Summary
The pair shows strong downside momentum following the MSS and repeated rejections from supply zones. A clean break below 1.1500 would likely accelerate the drop toward 1.1390.
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