EUR/USD β€” Hold the Zone or Continue Lower?

Wait 5 sec.

EUR/USD β€” Hold the Zone or Continue Lower?Euro vs. US DollarFX:EURUSDTheZimpactπŸ’Ά The Euro remains under pressure after breaking down from the previous sideways structure, with the recent bounce failing to recover the broken area and sellers still controlling the short-term structure. πŸ† Previously: πŸ“ˆ Bullish scenario The recent recovery from the lows has produced a bounce, but price is still below the important resistance structure. For the bullish scenario to become stronger, buyers need to reclaim the nearby zone and push back into the previous range. A breakout above the upper zone could then open the way for further upside. Zone reclaim β†’ bullish continuation. πŸ“‰ Bearish scenario The bigger picture remains bearish after the strong breakdown from the previous range. Price is now sitting around an important support zone. If this zone breaks, we can expect more downside toward the next zones below. Support break β†’ further downside. 🎯 Outlook The current reaction is important because price is testing a key support area after the sharp sell-off. If buyers can defend the zone, we could see another recovery attempt. But if sellers break through it, the lower zones become the next areas of interest. Hold the zone β†’ potential recovery. Break the support β†’ deeper downside becomes likely. Reclaim the upper structure β†’ bullish momentum can return. Breakdown β†’ support test β†’ next move watch.