EURUSD Analysis: The Battle for 1.1550 - A Trader's DispatchEuro vs US DollarPEPPERSTONE:EURUSDsunyaEURUSD Intraday Analysis: The Battle for 1.1550 - A Trader's Dispatch November 11, 2025 - 8:25 AM UTC+4 MARKET NARRATIVE: The EURUSD is currently caught in a technical vortex around the pivotal 1.1556 level. While the dominant trend remains bearish, dictated by a descending channel visible on the 4-hour chart, the price action is showing signs of indecision. This suggests a classic standoff between sellers capitalizing on the trend and buyers defending a historical support zone. This report dissects the structure to identify high-probability intraday setups. STRUCTURAL ANALYSIS & KEY INDICATIONS: Dow Theory & Trend: The primary trend is undeniably bearish, with a consistent pattern of lower highs and lower lows. The current price is hovering near the lower boundary of the descending channel, a make-or-break point. Wyckoff Perspective: The recent price action within the 1.1550-1.1600 range hints at a potential accumulation phase. A spring below 1.1550 that quickly reverses would be a strong bullish signal. Conversely, a failure to rally and a breakdown would confirm a redistribution phase. Indicator Snapshot: RSI (14): The RSI on the 1H and 4H charts is lingering near oversold territory but without a strong bullish divergence yet, suggesting bearish momentum is still present. Ichimoku Cloud: Price is trading well below the cloud on the 4H timeframe, confirming a strong bearish bias. The Kijun-sen is acting as dynamic resistance. VWAP: The intraday VWAP is currently above the price, indicating that the average trader today is at a loss on long positions, which could add to selling pressure. INTRADAY STRATEGIC BLUEPRINT: Bearish Continuation Scenario (High Probability): A decisive break and close below the support at 1.1540 would signal a continuation of the downtrend, likely targeting lower liquidity levels. Entry (Sell): 1.1535 (On a confirmed break of support) Stop Loss: 1.1575 (Above the recent consolidation zone) Take Profit 1: 1.1480 Take Profit 2: 1.1450 Bullish Reversal Scenario (Lower Probability): This scenario hinges on a defense of the 1.1550 support, potentially forming a Double Bottom pattern or a Wyckoff spring. A break above the immediate resistance and the descending trendline is required for confirmation. Entry (Buy): 1.1595 (On a break of near-term resistance) Stop Loss: 1.1545 (Below the recent low) Take Profit 1: 1.1650 Take Profit 2: 1.1700 Concluding Thought: While the path of least resistance appears to be to the downside, trading near strong support levels requires caution. A failed breakdown could offer a powerful reversal opportunity. Always trade with a defined risk management plan.