EURUSD H1: Euro Slips Below EMA Zone as Sellers Regain Control

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EURUSD H1: Euro Slips Below EMA Zone as Sellers Regain ControlEUR/USDOANDA:EURUSDDomicChainaEURUSD on the H1 timeframe is starting to show a weaker short-term structure after failing to hold above the EMA cluster around 1.1630–1.1640. Price is currently trading near 1.1610 and has slipped back below both moving averages, suggesting that recent buying momentum is fading again. What stands out to me is that every rebound attempt near 1.1640 has been rejected quite quickly, while the latest bearish candles are pushing price back toward the lower edge of the recent consolidation range. This behavior suggests sellers are slowly regaining control after the previous recovery attempt lost momentum.