EUR/USD is showing signs of weakness after failing to hold above the 1.1780 level. The market structure on the H4 timeframe is shifting toward a short-term downtrend, highlighted by a clear sequence of lower highs. The most recent rebound was rejected at an unfilled FVG zone, indicating that buying pressure is no longer strong enough to sustain the previous uptrend.
Currently, the pair is heading toward the ascending trendline near the 1.165x area. A breakdown below this zone would invalidate the medium-term bullish structure and open the door for a potential drop toward the 1.158x region — a key FVG support that also marked the bottom of the June retracement.
A series of bearish FVGs has emerged as price consistently fails to reclaim old resistance levels, reinforcing the idea of distribution in play. Sellers are now in control of the short-term direction, especially if the 1.172x zone fails to hold during any upcoming pullback.
Currently, the pair is heading toward the ascending trendline near the 1.165x area. A breakdown below this zone would invalidate the medium-term bullish structure and open the door for a potential drop toward the 1.158x region — a key FVG support that also marked the bottom of the June retracement.
A series of bearish FVGs has emerged as price consistently fails to reclaim old resistance levels, reinforcing the idea of distribution in play. Sellers are now in control of the short-term direction, especially if the 1.172x zone fails to hold during any upcoming pullback.
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