EURUSD -DAILY TIMEFRAME ANALYSIS Euro/US DollarFX:EURUSDenwemadufranklyn1989Here’s a professional breakdown of EUR/USD daily timeframe chart: --- 🧭 1. Overall Market Structure The pair is in a clear bearish trend, characterized by a sequence of lower highs (LH) and lower lows (LL). The dominant descending trendline reinforces bearish momentum — every attempt to retrace has been rejected at this trendline. --- 📉 2. Supply (Institutional Sell) Zones You marked three visible supply zones on the chart — these represent areas where institutional orders previously pushed price downward: ZoneApprox. Price RangeDescription Zone A1.1850 – 1.1900Highest and most significant supply zone. Major origin of bearish impulse. Zone B1.1720 – 1.1770Mid-level supply; secondary retracement rejection. Zone C1.1640 – 1.1670Most recent rejection zone aligning with trendline resistance. All these zones remain unmitigated, meaning price hasn’t yet revisited them deeply — institutions may have pending sell orders waiting. --- 🧱 3. Key Price Levels Immediate support: around 1.1510, where price is currently resting. Next downside target: if 1.1510 breaks cleanly, next support zone could be around 1.1450 – 1.1420. Trendline confluence: The descending trendline continues to cap every bullish rally, maintaining downside bias. --- ⚖️ 4. Institutional Positioning Institutional traders are likely stacking shorts within the highlighted supply zones aligning with trend continuation logic. --- 📊 5. Volume & Momentum Volume bars remain steady during bearish pushes, confirming active participation in the downtrend. Bullish candles show weaker volume, implying limited buyer conviction. --- 💡 6. Trading Outlook Scenario 1 – Bearish Continuation (Most Likely): Wait for minor retracements back into 1.1600–1.1650 area (previous supply + trendline). Watch for bearish rejection candles or liquidity sweeps at that zone to confirm re-entry short. Target: 1.1450 → 1.1380 zones. Scenario 2 – Bullish Pullback (Low Probability for Now): If price breaks above 1.1670 and sustains, that would signal weakening bearish pressure. Only then look for retracement buys toward 1.1740–1.1760 zone before reassessing. --- 📌 Summary Trend: Bearish Bias: Short continuation below 1.1670 Institutional Zones: 1.1640–1.1670 (active), 1.1720–1.1770, 1.1850–1.1900 Immediate Support: 1.1510 → 1.1450 Sell Confirmation: Rejection at supply zone + trendline confluence