EURUSD/ BEARISH MOVE

The price has reversed from the 1.0527 resistance level, declining below 1.0450, which now acts as a key resistance. As long as the price remains below this level, the bearish trend is expected to remain active, potentially driving the market towards the 1.0350 support level.

For today's session, a corrective movement is anticipated, with the price likely testing the 1.0450 resistance and possibly exceeding it briefly before resuming its downward trajectory. This correction could be part of a liquidity grab before the next bearish impulse.

However, to invalidate the bearish scenario and confirm a bullish continuation, the price must successfully break above the 1.0527 resistance level and sustain a 4-hour candle close above it. Such a breakout would indicate stronger bullish momentum, potentially leading to further upward movement.

Until a decisive break occurs, the market structure favors bearish pressure, with the 1.0350 target in focus.


Tendency Keys: 1.0450
Resistance Line 1.0450, 1.0527, 1.0608
Support Line: 1.0350, 1.0261, 1.0120