EUR/USD Intraday Signal: Under Pressure Toward 1.1575
EUR/USD remains under pressure, maintaining a bearish outlook as long as price trades below the 1.1655 pivot resistance. Sellers continue to control the short-term market structure, with the RSI confirming negative momentum and signaling the potential for further downside.
Immediate support targets are seen at 1.1605 and 1.1575, where intraday profit-taking could occur. A break below these levels would likely accelerate bearish momentum, extending losses further.
On the upside, a move above 1.1655 would challenge the current bearish setup and open the way to 1.1680 and 1.1700. However, as long as resistance holds, the bias remains negative and rallies are expected to be limited.
Enter: Short below 1.1655
SL: 1.1680
Target A: 1.1605
Target B: 1.1575