EURUSD -DAILY TIMEFRAME ANALYSIS Euro/US DollarFX:EURUSDenwemadufranklyn1989Here’s a professional technical analysis of EUR/USD daily chart: --- 🧭 Overall Market Structure The pair is clearly in a downtrend, as shown by the descending trendline connecting lower highs. Price has been respecting this bearish structure since late July, forming successive lower highs and lower lows. The current price near 1.1533 shows a temporary retracement within that bearish trend. --- 🟥 Key Supply (Institutional Sell) Zones You’ve marked three red supply zones — these are likely unmitigated institutional sell areas where price may react: 1. Upper Supply Zone (≈ 1.1800 – 1.1850) Origin of a strong bearish impulse. Previous area of liquidity grab / buy-side sweep. If price revisits this zone, expect heavy institutional selling. 2. Mid Supply Zone (≈ 1.1700 – 1.1750) Price consolidated here before a large drop. Acts as a “breaker block” — potential strong reaction area. 3. Lower Supply Zone (≈ 1.1600 – 1.1650) Closest to current price. Potential first target for retracement before further downside continuation. --- 📉 Trendline Dynamics The descending red trendline shows consistent rejection of bullish attempts. A daily candle close above the trendline would suggest possible short-term bullish correction toward one of those supply zones. As long as price stays below it, the bearish bias remains intact. --- ⚙️ Possible Scenarios 🔴 Bearish Continuation (Most Probable) Price might retest the lower supply zone (≈ 1.1600 – 1.1650) or the trendline and get rejected. Targets: 1.1450 → 1.1380 → 1.1300 (liquidity resting under previous swing lows). 🟢 Short-Term Bullish Pullback If daily candle closes above 1.1600, expect a correction toward 1.1700–1.1750 zone. This would only be a retracement before potential resumption of the downtrend unless structure fully breaks above 1.1850. --- 📊 Institutional Context Given recent macro weakness in the Euro (especially after hawkish USD data), institutional flow still favors the USD. Until there’s a fundamental catalyst (ECB policy shift or USD weakness), selling rallies into these supply zones remains the higher-probability play.