Post #4110

EUR/USD – Bearish Momentum Strengthens 🚨 Technical Outlook:📊 Price action on the H1 chart confirms repeated rejections from the 1.1660–1.1670 resistance zone, with a clear shift from higher highs to lower highs. The recent break below 1.1620 (key support turned resistance) signals increased downside pressure, aligning with a potential continuation towards the 1.1420–1.1440 demand zone. The breakdown is supported by a clean structure break, weakening bullish momentum, and the failure to reclaim mid-range liquidity. Fundamental Drivers:📰 The US Dollar remains supported by stronger-than-expected US economic data and a hawkish Federal Reserve stance, reinforcing expectations of prolonged higher interest rates. Meanwhile, the Euro faces pressure from weaker Eurozone growth indicators and dovish ECB rhetoric, amplifying the bearish bias on EUR/USD. 🔔 Like, Share & Subscribe @ShadowTraderFX for high-probability setups and real-time market insights.