EURUSD Intraday Signal: Bearish Bias Toward 1.1520
Analysis:
EURUSD on the 1-hour timeframe is currently trading within a clear bearish structure, following the sharp decline that started after rejection from the 1.1800 supply zone. Since that move, the pair has produced a sequence of lower highs and lower lows, confirming that sellers remain in control of the intraday trend.
The recent move pushed the market toward the 1.1500 liquidity area, where a weak low formed and price initiated a short-term corrective bounce. This rebound is now approaching a key supply zone between 1.1600 and 1.1620, which previously acted as intraday resistance and liquidity.
This region aligns with previous equal highs (EQH) and a local supply area. If price fails to break above this zone, the market may resume its bearish momentum as sellers step back into the market.
As long as EURUSD remains below 1.1620, the downside scenario remains dominant. The next liquidity targets sit near 1.1540, followed by 1.1520, where the most recent weak low and liquidity pool are located.
Trade Setup:
Enter: Sell below 1.1590
Stop-Loss (SL): 1.1635
Target A: 1.1540
Target B: 1.1520