EUR/USD Intraday Signal: Downside Toward 1.1550
Analysis:
EUR/USD on the 1-hour timeframe continues to trade within a bearish market structure after a clear Break of Structure (BOS) pushed price below the 1.1700 support zone. This move confirmed that sellers have taken short-term control following the earlier distribution phase near 1.1800.
Price is currently consolidating around 1.1610, forming a minor corrective bounce after the impulsive decline. However, this recovery remains limited and appears to be a bearish pullback into a supply zone near 1.1650, where sellers may re-enter the market.
As long as EUR/USD remains below 1.1650 resistance, the structure favors another leg lower. The next liquidity objective lies around 1.1580, with a deeper move potentially targeting the 1.1550 demand zone, where buyers previously reacted.
Trade Setup:
Enter: Sell below 1.1630
Stop-Loss (SL): 1.1675
Target A: 1.1580
Target B: 1.1550