EUR/USD Intraday Signal: Bearish Momentum Below 1.1595
EUR/USD remains under bearish pressure while trading below the pivot level at 1.1595. Sellers are dominating the intraday structure, targeting support zones at 1.1545 and 1.1520. Price action continues to print lower highs, confirming the strength of the downward momentum.
The RSI is turning lower and calling for a new downleg, suggesting that bearish momentum is likely to intensify. Price currently trades below its short-term moving averages, reinforcing the negative tone. As long as the pair remains under 1.1595, the downside bias is expected to prevail with potential acceleration toward 1.1520.
Alternatively, a rebound above 1.1595 would neutralize immediate pressure and open the way for a limited recovery toward 1.1615 and 1.1635 before sellers reappear. For now, the short-term outlook favors continued weakness.
Trade Setup:
Enter: Short below 1.1595
Stop-Loss (SL): 1.1615
Target A: 1.1545
Target B: 1.1520