Usman Salis
⬤ EUR/USD has flipped into a bearish four-hour structure after getting rejected sharply from recent highs near the 1.1760 area. Price swept liquidity above prior highs before reversing lower, signaling a shift in short-term momentum. The current market setup shows a clear transition from internal consolidation to a potential move targeting external downside liquidity.
⬤ Following the rejection, EUR/USD printed a decisive bearish leg that changed the local structure, then pulled back modestly. This corrective bounce has stalled right beneath internal resistance zones around 1.1748–1.1752. These levels now act as supply, capping upside attempts and reinforcing the H4 bearish bias.
⬤ Below current price, sell-side liquidity sits near 1.1682, aligning with the projected downside path. Price action between 1.1720 and 1.1735 looks like short-term consolidation rather than accumulation—the market appears to be pausing before a potential continuation move. The lack of strong bullish candles or sustained higher highs suggests recent rebounds remain corrective in nature.
⬤ This setup matters for broader market conditions, as EUR/USD often reflects dollar strength and macro sentiment. Continued failure to reclaim internal resistance keeps pressure tilted toward lower liquidity zones. A sustained move back above resistance would weaken the current bearish structure, but for now, price remains technically constrained with market focus on downside reaction levels highlighted on the four-hour chart.
Usman Salis
