EURUSD Swing Setup – Bearish Reversal from Premium

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EURUSD Swing Setup – Bearish Reversal from PremiumEuro vs US DollarTHINKMARKETS:EURUSDSebiFX01Monthly: Price is still ranging within the broader monthly range that has held for roughly the past 12 months, with no confirmed breakout. Weekly: Price continues to trade inside a well-defined ascending channel. At the same time, it has been ranging within the weekly premium, showing lack of acceptance at higher prices. Daily: A bearish CHoCH formed, signaling a shift in higher timeframe momentum from bullish to bearish. Following that shift, price retraced back into daily premium, creating a pullback phase. 1H: The retracement produced a bullish internal CHoCH. However, price failed to continue higher and instead formed a bearish CHoCH, followed by two BOS, confirming alignment with the daily bearish bias.