The EUR/USD pair remains under bearish pressure on the H1 chart and starts the new session near the lower boundary of its recent range after an extended decline from the weekly highs. The market is no longer falling impulsively, but the recovery attempts remain shallow, which suggests that sellers still control the broader intraday structure. The current phase looks more like a pause inside a downtrend than a confirmed reversal, so the key question for the day is whether buyers can lift the pair back above broken resistance zones or whether the market will use any rebound as a new selling opportunity.
Current price: 1.17112
Pivot: 1.1715
Nearest support levels: S1: 1.1700, S2: 1.1685, S3: 1.1668
Nearest resistance levels: R1: 1.1728, R2: 1.1745, R3: 1.1762
Note: If the pair remains below the pivot at 1.1715, the bearish intraday tone may stay dominant, with pressure toward 1.1700 and 1.1685. If downside momentum accelerates during the US session, 1.1668 becomes the next broader target. If the price reclaims 1.1715 and holds above it, a corrective rebound may develop toward 1.1728 and 1.1745. A stronger short-covering move would then open the way toward 1.1762, but only a firm recovery above that zone would begin to weaken the current bearish structure.
