Sellers’ Zone Re-Test Before Next Drop

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Sellers’ Zone Re-Test Before Next DropEURO / U.S. DOLLARFX_IDC:EURUSDGreenfireforex EUR/USD on the 4-hour timeframe is approaching a critical sellers’ zone near 1.1649, aligning with the upper boundary of the descending channel and wave (C) completion. 🔻 Technical Outlook: Completed 5-wave impulse to the downside (ending near 1.1580) Current move looks like an ABC corrective retracement Sellers expected to re-enter near the 1.1649 resistance zone A rejection from this area could lead to a fresh bearish continuation toward 1.1530–1.1500 🧩 Elliott Wave Context: Wave (4) correction seems to be unfolding as a flat or expanded flat, preparing for a possible final bearish leg before a major bullish reversal. 📍 Resistance zone: 1.1640 – 1.1700 📉 Bearish confirmation: Break below 1.1580 ⚠️ Invalidation: Break and close above 1.1720 ---