EUR/USD Intraday Signal: Bearish Below 1.1800
Analysis
EUR/USD has reacted strongly from the 1.1840–1.1860 weak high, forming a clear rejection and initiating a bearish CHoCH, which signals a shift in short-term order flow. The impulsive drop that followed confirms that sellers are currently in control.
Price is now consolidating below 1.1800, failing to reclaim previous highs. This behavior reflects distribution after liquidity grab, with equal highs (EQH) forming and getting rejected, further strengthening the bearish bias.
As long as price remains below this resistance structure, the market is likely to continue lower toward the 1.1700 demand zone, where previous imbalance and liquidity reside.
Trade Setup
Enter: Sell below 1.1780
Stop-Loss (SL): 1.1830
Target A: 1.1720
Target B: 1.1680