EURUSD - Accumulation below resistance level of 1.17000EUR/USDOANDA:EURUSDMoon-ForexAcademy🔍 1. Technical Analysis 📈 Trend & Structure Previously: strong bullish move → forming a mid-term top Currently: Price is consolidating below the 1.1700 – 1.1720 resistance zone A rounded top pattern is forming with weakening momentum 🧠 Key Structure Signs of: A minor Lower High → buying pressure is fading A small Break of Structure (BOS) to the downside Price is: Moving sideways within a tight range Likely to form a deeper pullback 👉 Implication: The market is shifting from bullish → into a distribution / correction phase 📊 Key Levels 🔴 Resistance 1.1700 – 1.1720 🔵 Support Short-term: 1.1680 Key level: 1.1640 – 1.1650 2. Potential signal: SELL EURUSD 1.17000 - 1.17150 SL: 1.17400 TP: 1.16700 - 1.16400 - 1.16100 🌍 3. Macro Outlook (EURUSD) USD (Key Driver) Key data to watch: CPI / NFP / Jobless Claims 👉 Impact: Strong GDP → stronger USD → EURUSD declines Weak GDP → weaker USD → EURUSD rises EUR (ECB) : Slightly hawkish bias