EURUSD – Bearish pullback continuationPrice remains in a clear bearish structure across higher timeframes (H4 / H1), trading below the 200 SMA with consistent lower highs and lower lows. The recent impulsive drop confirms sellers’ control, while the current move is only a corrective pullback, not a reversal.
The sell zone aligns with a previous support turned resistance, confluence with the 50 SMA on intraday timeframes, and a weak bullish retracement lacking momentum. RSI stays below the 50 level, reinforcing bearish conditions and suggesting this rebound is being sold into.
This setup targets continuation of the dominant trend rather than catching a bottom. As long as price remains below the invalidation level, bearish bias is intact and rallies are considered selling opportunities.
Plan:
– Sell the pullback into resistance
– Invalidation above the last lower high
– Partial profits at intraday support, extended target toward H4 support
Patience and structure over prediction. Let the market prove strength before considering longs.
