EUR/USD Price Outlook – Trade Setup (Short Bias)Euro / U.S. DollarFOREXCOM:EURUSDATFX_Global📊 Technical Structure EUR/USD made an impulsive push into the 1.1680–1.1690 resistance zone, followed by a clear rejection and sharp pullback. Now price is failing to reclaim the mid-zone and is forming lower highs after rejection, indicating that bullish momentum has faded. Although the pair is still above the major support (1.1625), the current structure shows a short-term bearish shift inside a broader bullish move. 👉 Key idea: failed continuation → potential downside rotation Short-term bias: Bearish below 1.1680 🎯 Trade Setup (Sell-the-Rally / Lower High Short) Entry Zone: 1.1680 – 1.1690 Stop Loss: 1.1701 Take Profit 1: 1.1635 Take Profit 2: 1.1625 Risk–Reward Ratio: Approx. 1:2.93 📌 Invalidation: A strong reclaim above 1.1690 = rejection failure → continuation to 1.1700–1.1730. 🌐 Macro Background Here’s where it gets interesting: ECB expectations → bullish EUR (medium term) BUT short-term USD weakness is stabilizing Market already priced a lot → upside slows No strong catalyst → favors pullback ➡️ Macro = not strongly bearish, but supports consolidation / pullback 🔑 Key Technical Levels Resistance Zone: 1.1680 – 1.1690 Support Zone: 1.1625 – 1.1635 Breakdown Level: Below 1.1625 📌 Trade Summary This is a lower high short after rejection, not a top call. Preferred strategy: Sell rallies below 1.1680, targeting a move back to 1.1630. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.