EURUSD Analysis: Bearish Structure Remains Intact EUR/USDOANDA:EURUSDHenrybillionEURUSD Analysis: Bearish Structure Remains Intact as Price Retests Supply Zone EURUSD on the H1 timeframe continues to respect a clear bearish market structure, with price forming a sequence of lower highs and lower lows after failing at the major resistance zone near 1.1660. The current movement shows a temporary bullish retracement, but the overall structure still favors the downside as price approaches a key supply area around 1.1480–1.1500. This zone previously acted as support before turning into resistance, a classic support-to-resistance flip, which often becomes a strong area for sellers to re-enter the market. Market Structure and Price Action Looking at the chart, the market structure reveals three important phases: Initial bullish trend where EURUSD created higher highs and higher lows, pushing toward the 1.1660 resistance zone. Rejection at major resistance, followed by a structural break that shifted momentum to the downside. Bearish continuation, where price consistently printed lower highs while moving down toward the 1.1420 region. The most recent price action shows a consolidation range forming inside a short-term box, suggesting accumulation of liquidity before the next directional move. As price pushes back toward the upper boundary of this range and the nearby resistance zone, the probability of a bearish reaction increases. Key Supply and Resistance Zones Important resistance levels visible on the chart include: 1.1480 – 1.1500 Immediate supply zone and the top of the current consolidation area. 1.1560 – 1.1580 Previous support turned resistance and a strong reaction zone earlier in the trend. 1.1650 – 1.1660 Major higher timeframe resistance where the previous bullish structure failed. These areas represent potential locations where selling pressure could re-enter the market. Key Support Levels Important downside levels to monitor: 1.1420 – Current range support 1.1400 – Psychological support level 1.1370 – 1.1350 – Next strong demand zone A break below 1.1420 would likely accelerate bearish momentum toward the lower support levels. Fibonacci and Trend Context Using Fibonacci from the recent swing high to swing low: 38.2% retracement aligns near the 1.1480 resistance zone. 50% retracement sits slightly above 1.1500. This confluence between Fibonacci retracement and structural resistance strengthens the probability of a bearish continuation if price rejects this area. Trading Scenarios for EURUSD Scenario 1: Bearish Continuation (Primary Bias) Sell zone 1.1480 – 1.1500 Stop Loss 1.1525 Take Profit targets 1.1420 1.1400 1.1370 Rationale Price is retesting a supply zone within a bearish structure, offering a potential continuation opportunity. Scenario 2: Breakout Sell If price breaks below 1.1420 with strong momentum: Sell entry Below 1.1415 Stop Loss 1.1450 Targets 1.1380 1.1350 Scenario 3: Bullish Reversal (Lower Probability) A bullish scenario becomes valid only if price breaks and holds above 1.1500. Buy entry Above 1.1505 Stop Loss 1.1470 Targets 1.1560 1.1600 Final Market Outlook The overall EURUSD structure on the H1 timeframe remains bearish, with price currently testing a critical resistance area formed by previous support, Fibonacci retracement, and consolidation highs. As long as EURUSD remains below 1.1500, the market bias favors a continuation move toward 1.1400 and potentially 1.1350 in the coming sessions. Traders should focus on price reaction within the current supply zone to determine whether the next bearish leg will begin. If you find this analysis helpful, consider saving it and following for more structured trading insights and market breakdowns.