EUR/USD 4H Analysis – Bearish Outlook with Key Levels📉 EUR/USD 4H Analysis – Bearish Outlook with Key Levels 📊
🔍 Overview:
The EUR/USD pair on the 4-hour chart is showing signs of a potential bearish reversal after testing a strong resistance zone near 1.16000. Price action has rejected this area twice (🔴), confirming it as a significant supply zone. The chart now suggests a descending move toward the strong support zone around 1.12000.
🔑 Key Levels:
🟡 Resistance Zone: 1.15700 – 1.16000
Multiple rejections indicate strong selling pressure.
🟦 Mini Support: Around 1.14550
A minor level where price could react short-term, but not a major barrier.
🔻 Mid-Level Target: 1.13653
Potential bounce zone before continuation downward.
🟥 Strong Support Zone: 1.11500 – 1.12200
Previously held as a launch point for a major rally in May; likely to be tested again.
📈 Scenario Outlook:
Bearish Path Expected:
Price is forming a series of lower highs and appears to be losing bullish momentum.
Target Path (Blue Arrows):
A potential drop toward the 1.13653 level is expected, followed by a deeper drop toward the strong support.
Rebound Possibility:
If the strong support holds, we could see a strong bullish bounce 🔄, potentially creating a longer-term buying opportunity.
💡 Conclusion:
EUR/USD is currently in a correction phase. Traders should watch for a confirmed break below 1.14550 for bearish continuation 📉. A drop to the 1.12000 zone may offer a high-probability reversal setup 📊📍.
🔔 Trading Tip:
Use caution around mini support; aggressive sellers may enter on any weak bounce. Wait for confirmation before entering positions. 🧠📉
