FX.co ★ KHALISA | EUR/USD

Good evening. It's a pleasure to read the analysis you've shared. Allow me to join in the discussion. Observing the EUR/USD currency pair on the daily timeframe, the trend structure still clearly indicates a bearish trend. The price has formed a valid lower low, confirming a breakout of the support area, signaling a continuation of the downtrend. Given these conditions, I believe the previous session's rally was still merely a correction phase, and this scenario finally began to be confirmed today, when the price weakened again to the 1,140 area after previously strengthening to around 1,146. The rebound was halted right at the middle Bollinger Band, which acts as dynamic resistance, and coincides with the Drop-Base-Drop supply zone around 1,146. This area is an ideal place for sellers to re-enter following the main trend.

Although the downward pressure initially appeared less aggressive because the MACD indicator was still moving above the signal line, selling pressure is slowly increasing. This is evident in the increasing volume of sellers, who are beginning to dominate, increasing the likelihood of further declines, at least in the short term. As long as the price fails to break through the supply area, I believe a bearish bias is still more worthy of priority than seeking buying opportunities that run counter to the main trend. Moving to the H4 timeframe, the technical picture further strengthens the downward scenario. A supply zone is visible around 1.145, and the price has already reacted to rejection from this area. Currently, the price is also below the 50-day exponential moving average (EMA) and below the middle Bollinger band, indicating that momentum remains in favor of sellers. Furthermore, the MACD histogram has confirmed a breakout below the zero line and remains below the signal line. The combination of these three indicators provides a consistent signal, increasing the probability of a continuation of the bearish trend. Based on this overall analysis, I conclude that the EUR/USD currency pair remains in a bearish trend, so the main focus remains on seeking selling opportunities following the market's direction. My trading plan calls for the price to hover around 1.142 as an entry point, with a stop-loss around 1.148 to limit risk if the scenario doesn't go as expected. Meanwhile, the first downside target is around 1.133. If seller pressure persists and the next support level is broken, it's possible the price will continue its decline towards 1.117, an area of strong demand on both the daily and weekly timeframes. Of course, risk management remains a priority to ensure every trading opportunity can be executed with discipline and consistency.