EURUSD Resistance Rejection — Downside Move AheadEUR/USDOANDA:EURUSDMrJasim_07EURUSD 4H Bearish Reversal Setup | Weak High & Resistance Rejection EURUSD is approaching a critical resistance area around 1.1580–1.1600 after a strong bullish recovery from the lower support zones. The chart shows a Weak High near the recent peak, suggesting that buyers may be losing momentum at higher levels. Price is also approaching a major resistance/supply region, making the current area important for determining whether EURUSD continues higher or begins a corrective bearish move. The highlighted target area around 1.1503 is the primary downside objective in the bearish scenario. A rejection from the current highs followed by a confirmed break of nearby support could create a potential move toward 1.1520 and eventually 1.1503. 📉 Bearish Scenario: The bearish setup becomes stronger if EURUSD fails to sustain above the 1.1580–1.1600 resistance zone and begins forming bearish candles or a lower high. A confirmed rejection from this area could indicate that sellers are returning after the recent bullish advance. The first important downside area is around 1.1530–1.1520. If sellers successfully break this zone, the next major target is around 1.1503, which is the highlighted target area on the chart. If bearish momentum continues below 1.1503, price could potentially extend toward 1.1480 and the lower support region around 1.1420–1.1400. 🎯 Bearish Targets: • TP1: 1.1530–1.1520 • TP2: 1.1503 • TP3: 1.1480 • Extended target: 1.1420–1.1400 if major support fails 📈 Bullish Scenario: The bearish setup would weaken if EURUSD produces a strong 4H close above the 1.1580–1.1600 resistance zone. A confirmed breakout followed by a successful retest would indicate that buyers remain in control and that the Weak High has been invalidated. If price establishes itself above 1.1600, the bullish continuation could target higher psychological levels. Strong momentum above the current resistance would shift the market structure toward further upside rather than the projected bearish correction. 🎯 Bullish Targets: • TP1: 1.1600 • TP2: 1.1620–1.1650 • TP3: 1.1680 • Extended target: 1.1700+ if bullish momentum remains strong 🔑 Key Points: • EURUSD is testing a major resistance zone around 1.1580–1.1600. • A Weak High has formed near the recent top. • Rejection from the current resistance could increase short-term selling pressure. • The 1.1520 area is an important intermediate support level. • A confirmed break below 1.1520 would strengthen the bearish setup. • The main projected bearish target is 1.1503. • 1.1480 is the next downside level if 1.1503 fails. • The lower 1.1420–1.1400 region represents a larger support area. • A sustained breakout above 1.1600 would invalidate the immediate bearish scenario. 📊 Trading Perspective: From a trading perspective, EURUSD is at a key decision area after a strong upward move. Price is currently close to resistance, so confirmation is important before entering a position. For a bearish setup, traders can watch for rejection candles, a lower-high formation, or a break below 1.1520. A cleaner bearish confirmation would be a rejection from 1.1580–1.1600 followed by a decisive move below 1.1520. This could open the path toward the highlighted 1.1503 target. Traders may consider taking partial profits around major support levels rather than expecting the entire move to happen without retracement. On the bullish side, sellers should be cautious if price breaks and holds above 1.1600. A successful breakout and retest would indicate that buyers have overcome the resistance zone, potentially creating a continuation move toward 1.1620–1.1650 and higher. ⚠️ Risk Management: Avoid entering a trade solely because price reaches the resistance or target area. Wait for confirmation through candle closes and market structure. For bearish positions, invalidation can be placed according to the resistance/swing-high structure, while bullish positions should be reassessed if price loses the relevant support zones. Position size should remain controlled, especially around major resistance where false breakouts can occur. Partial profit-taking at 1.1530, 1.1503 and lower support areas can help manage risk and protect gains. Overall, EURUSD is showing a potential bearish reversal setup near the 1.1580–1.1600 resistance zone. A confirmed rejection and break below 1.1520 could open the path toward the 1.1503 target and potentially 1.1480. However, a strong breakout above 1.1600 would invalidate the immediate bearish idea and shift focus toward higher bullish targets. 📉📈