The EUR/USD pair starts the new trading day under sustained bearish pressure after a broad, orderly selloff pushed the market to fresh local lows. On the H1 chart, the decline is not a short-lived spike but part of a wider downward structure where each rebound has remained limited and sellers have continued to press the pair lower. The latest candles show an attempt to stabilize near the lows, but the recovery is still shallow and does not yet change the daily picture. For the full day, the base scenario remains negative while the pair trades below the main control zone, though corrective rebounds during the European session remain possible.
Current price: 1.16346
Pivot: 1.1648
Nearest support levels: S1: 1.1625, S2: 1.1610, S3: 1.1595
Nearest resistance levels: R1: 1.1648, R2: 1.1664, R3: 1.1682
Note: If the pair remains below the pivot at 1.1648, sellers are likely to retain control and keep pressure on 1.1625. A confirmed move below that level would open the way toward 1.1610 and 1.1595 later in the day. If buyers manage to return the market above 1.1648, a corrective rebound toward 1.1664 may unfold, while 1.1682 would be the next important upside barrier. Still, unless EUR/USD regains the area above 1.1664 on a stable basis, any rise should be treated as a correction within a still-bearish daily structure.
