EUR/USD Intraday Signal: Bearish Below 1.1640
Analysis:
EUR/USD maintains a bearish intraday tone while trading below the key pivot and resistance at 1.1640. Price continues to reject this zone, reinforcing downside pressure toward 1.1615 and the extension level at 1.1600. As long as 1.1640 holds as resistance, sellers remain favored and the risk of a break below 1.1615 stays elevated.
If price climbs above 1.1640, the bearish scenario weakens and intraday momentum may shift toward 1.1655 and 1.1670. Until then, downside continuation remains the preferred outlook, supported by repeated failures at resistance.
Trade Setup:
Enter: Short below 1.1640
Stop-Loss (SL): 1.1655
Target A: 1.1615
Target B: 1.1600