EUR/USD Intraday Signal: Bearish Rejection Below 1.1820
Analysis
EUR/USD has completed a strong bullish leg and tapped into a premium zone near 1.1800–1.1820, where a clear weak high formation is visible. The market is now showing signs of exhaustion, with consolidation and minor CHoCH forming at the top.
Price is failing to continue higher and is starting to rotate lower from supply. This behavior suggests distribution rather than continuation, especially as liquidity above has likely been taken.
As long as price remains below this resistance zone, the expectation is a pullback toward the imbalance and demand area around 1.1700, with potential extension lower if momentum builds.
Trade Setup
Enter: Sell below 1.1785
Stop-Loss (SL): 1.1825
Target A: 1.1720
Target B: 1.1680