EURUSD Peaking – Bullish Trap?EUR/USDOANDA:EURUSDParadise_NoirEURUSD is currently under downward pressure as money flows back into the USD amid a shift towards a riskier market. Geopolitical tensions and rising oil prices are driving safe-haven demand, while hawkish signals from the ECB remain insufficient to support the EUR, especially ahead of US CPI data releases. On the H4 chart, the price is moving within an ascending channel, but the structure has begun to weaken. The formation of a double top around 1.1700 – 1.1730, accompanied by a rejection, suggests that buyers are losing control, setting the stage for a bearish reversal. In the main scenario, EURUSD is likely to continue correcting towards the 1.1550 area – a crucial support zone. If this area is broken, the downward direction will become clearer, opening up further upside potential in the short term. Overall, with news leaning towards the USD and technical structure showing signs of distribution, EURUSD in the next 24 hours still favors a bearish scenario.