EURUSD 1H Analysis Today: Bearish Continuation After BOSEUR/USDOANDA:EURUSDHenrybillionEURUSD 1H Analysis Today: Bearish Continuation After BOS, Next Liquidity Target Near Weak Low EURUSD on the 1H timeframe is firmly bearish after a clean downside break of structure (BOS) and a series of lower highs followed by strong displacement lower. Price is now consolidating near the lows around 1.1650, which often precedes one of two outcomes: a corrective pullback into premium (sell the rally) or a direct continuation to sweep the weak low below. The chart clearly shows sellers remain in control unless price can reclaim key supply levels and invalidate the most recent bearish swing structure. Market Structure and Price Action Read (1H) The earlier range and highs near 1.1820–1.1840 acted as a distribution zone. A sharp bearish displacement leg confirms institutional selling pressure. Current sideways action near 1.1650 is typical of a pause before the next impulse. The marked “Weak Low” indicates resting liquidity below current price, making it a high-probability magnet. Bias stays bearish while price remains below the nearest supply and keeps printing lower highs. Key Support and Resistance Levels (Intraday) Resistance Zones (Sell-side supply) 1.1695–1.1705: Immediate resistance and pullback sell zone (nearest supply). 1.1760–1.1785: Bigger resistance zone from the prior breakdown area (stronger supply). 1.1815–1.1840: Strong high / major supply (structure ceiling). Support Zones (Targets and reaction points) 1.1650–1.1640: Current floor and decision zone. 1.1615–1.1600: Weak low liquidity target (high-probability sweep zone). 1.1580–1.1560: Extension support if the weak low is swept and bearish momentum persists. Fibonacci Map (Sell Premium, Target Discount) If you draw Fibonacci from the last impulse high (near the breakdown swing) down to the current low: 0.5–0.618 retracement typically aligns with the 1.1695–1.1760 band (ideal “premium” sell area). Continuation targets remain below current price, with 1.1615–1.1600 as the first liquidity objective. This supports a classic bearish model: pullback into premium → rejection → continuation into discount. Trendline + EMA + RSI Filters (Execution Rules) Trendline: A descending trendline connecting lower highs remains intact. Any pullback that respects it favors sells. EMA strategy (1H): Treat EMA20 as momentum line: bearish continuation is strongest while price stays below EMA20. Treat EMA50 as trend filter: retests into EMA50 often provide high-quality sell entries in downtrends. RSI: Bearish bias while RSI holds below 50. If RSI breaks above 50 and price reclaims supply, expect deeper correction rather than immediate continuation. High-Probability Trading Plans for Today Plan A: Sell the Pullback (Primary Strategy) Best used when price retraces into resistance and rejects. Entry zone: 1.1695–1.1705 Stop-loss: above 1.1730 Take-profit 1: 1.1650 Take-profit 2: 1.1615–1.1600 (weak low sweep) Confirmation trigger: 1H bearish rejection candle, lower-high formation, or failure to close above 1.1705. Plan B: Sell Deeper Retracement Into Stronger Supply If the market squeezes higher first, wait for better premium. Entry zone: 1.1760–1.1785 Stop-loss: above 1.1815 Take-profit 1: 1.1700 Take-profit 2: 1.1615–1.1600 This setup often offers better risk-to-reward because it sells closer to the origin of the breakdown. Plan C: Breakdown Continuation (Aggressive) If price loses the current floor cleanly, continuation can accelerate. Trigger: 1H close below 1.1640 Entry: sell the retest into 1.1640–1.1650 Stop-loss: above 1.1670 Take-profit: 1.1615–1.1600, then 1.1580 Avoid selling the first spike down. Let it break, then retest. Plan D: Bullish Invalidation (When to Stop Selling) Only consider long setups if the bearish structure is invalidated. Invalidation sign: 1H close above 1.1760, then a successful retest holding as support. Upside targets if invalidated: 1.1785, then 1.1820–1.1840. Until that happens, longs are countertrend and lower probability. Intraday Bias Summary Bearish while below 1.1695–1.1705 and especially below 1.1760. Main magnet remains the weak low at 1.1615–1.1600. Best execution today: sell rallies into supply, target the liquidity sweep below.