EUR/USD: When Every Pullback Becomes an Opportunity for SellersEUR/USDOANDA:EURUSDParadise_NoirAs we move into mid-January 2026, EUR/USD is clearly reflecting the internal contradiction within the European economic narrative: short-term bright spots exist, yet long-term structural risks remain a major headwind. When this macro backdrop is placed onto the current H4 chart, the bearish trend is being reinforced both fundamentally and technically. From a news perspective, the market is not focusing on the improvement in quarterly growth. Instead, attention remains on negative structural factors: annual GDP growth slowing, energy costs still several times higher than in the US, and persistent competitiveness constraints. These elements are not strong enough to justify fresh EUR buying in the short term, while the USD continues to hold a relative advantage. As a result, capital flows are leaning toward defense rather than aggressively bottom-fishing the euro. From a technical standpoint, the bearish structure is clearly visible on the H4 timeframe. Price remains below the Ichimoku cloud, repeatedly rejected at the descending trendline and the 1.1680–1.1700 resistance zone. Recent rebounds have been purely technical, failing to break the lower-high structure. This confirms that sellers remain firmly in control. Under the current scenario, EUR/USD may attempt a minor rebound into resistance, but is likely to resume its decline toward 1.1630, or even lower if selling pressure accelerates. In summary, with fundamentals failing to support the euro and the chart maintaining a clear bearish structure, the most rational short-term approach remains selling in line with the trend, rather than anticipating a premature reversal.