The EUR/USD pair remains under sustained bearish pressure on the H1 chart. The market has slowed its decline compared with the earlier impulsive sell-off, but price action still stays in the lower part of the recent range, which means sellers continue to control the broader intraday structure. The latest candles point more to consolidation than to a real reversal: rebounds are shallow, and the pair still lacks a confident recovery pattern. For the full trading day, EUR/USD may continue to trade with a downside bias unless buyers manage to secure a stable move above the pivot and force a broader corrective rebound.
Current price: 1.16115
Pivot: 1.1617
Nearest support levels: S1: 1.1598, S2: 1.1581, S3: 1.1563
Nearest resistance levels: R1: 1.1628, R2: 1.1645, R3: 1.1663
Note: If the pair remains below the pivot at 1.1617, bearish pressure may persist and lead the market toward 1.1598. A break below this zone would expose 1.1581 and then 1.1563 during the day. If EUR/USD consolidates above 1.1617, a corrective rebound may extend toward 1.1628 and 1.1645. Only a stable break above 1.1645 would weaken the current bearish intraday structure and open the way toward 1.1663.
