EUR/USD Intraday Signal: Watch 1.1490 as Downside Target
EUR/USD remains under pressure while trading below the pivot resistance at 1.1540. Sellers continue to dominate the short-term outlook, targeting the next downside levels at 1.1490 and 1.1470 in extension. The pair is showing lower highs and fading upside momentum, confirming the persistence of bearish sentiment.
As long as 1.1540 acts as resistance, the path of least resistance remains to the downside. A confirmed break below 1.1490 would likely accelerate losses toward 1.1470. Momentum indicators remain soft, with weak buying activity failing to lift the pair above the pivot zone.
Alternatively, a rebound above 1.1540 would neutralize the current bearish view and open the way toward 1.1560 and 1.1580 before new selling pressure may appear. Until then, the bias stays bearish.
Trade Setup:
Enter: Short below 1.1540
Stop-Loss (SL): 1.1560
Target A: 1.1490
Target B: 1.1470