EURUSD — Market Structure Analysis | Major Support Formation EURO / U.S. DOLLARFX_IDC:EURUSDAlex_pro_analysis_07EURUSD — Market Structure Analysis | Major Support Formation & Potential Bullish Recovery 1. Market Overview EURUSD is currently experiencing strong bearish momentum following a clear breakdown below the ascending trendline. Recent price action shows consecutive bearish Breaks of Structure (BoS), indicating that sellers remain in control of the short-term market direction. However, price is now approaching an important support zone around 1.0980–1.1000, where a potential reaction may develop. 2. Technical Analysis The market has broken below its previous bullish trendline, confirming a shift in short-term structure. Multiple bearish structural breaks suggest continued selling pressure. Key technical observations: Previous ascending trendline has been broken. Multiple bearish Breaks of Structure are visible. Price is approaching a major support zone. A potential new support level may form. A bullish reaction could create an opportunity for a retest toward the previous breakdown area. 3. Key Price Levels Major Support: 1.0980–1.1000 Retesting Area: 1.1135 Resistance Zone: 1.1250–1.1290 4. Potential Bullish Scenario If buyers defend the current support zone and price confirms a bullish reversal, EURUSD may attempt a recovery toward the following levels: TP1: 1.1070 TP2: 1.1135 TP3: 1.1200 TP4: 1.1250 5. Bearish Invalidation Scenario If price fails to hold the highlighted support zone and produces a strong bearish continuation, the bullish recovery scenario may become invalid. Further downside movement could follow. 6. Risk Management Wait for confirmation before entering any position. Monitor price action around the highlighted support and resistance zones, and use appropriate stop-loss placement according to your trading strategy and risk tolerance. Final Outlook: EURUSD is showing bearish market structure, but the approaching support region could become an important decision point. A confirmed reaction from this area may open the possibility of a corrective bullish move toward the 1.1135 retesting zone. This analysis is based on technical price action and represents a potential market scenario, not a guaranteed outcome.