EUR/USD is Playing Hard to Get - Pullback or Drop Next?EUR/USDOANDA:EURUSDSheenaL EUR/USD is currently sitting in an important decision area. The higher timeframes are still showing bearish pressure, but the lower timeframes are attempting to build a short-term bullish pullback. This is where patience matters because price is not in a clean open range right now — it is sitting between support and resistance. On the Weekly and Daily, EUR/USD is still trading under key resistance. Until price reclaims the higher levels with strength, I am treating the overall market structure as bearish. The main upside levels I’m watching are: 1.16551 1.16766 These areas could act as resistance if price continues to push higher. If price reaches those zones and starts rejecting, I’ll be watching closely for a potential sell setup. On the 4H and 1H, price is trying to recover from support and is currently reacting around the 1.16330 area. This level is important because it is acting like a short-term decision point. If buyers can reclaim and hold above 1.16330, EUR/USD could continue toward 1.16551. But if price fails here and breaks back below 1.16214, the bullish pullback weakens and sellers may take price back toward 1.15912. Key Levels I’m Watching Decision Area: 1.16330 Support / Invalidation: 1.16214 Lower Support: 1.15912 Upside Target: 1.16551 Major Resistance: 1.16766 Possible Buy Scenario I would only consider a buy if price breaks and holds above 1.16330, then gives a clean retest or bullish confirmation. Possible buy idea: Entry: Above/retest of 1.16330 Stop Loss: Below 1.16214 TP1: 1.16551 TP2: 1.16766 This would be a short-term pullback buy, not a full bullish reversal. Possible Sell Scenario If price pushes into 1.16551 or 1.16766 and rejects, I’ll watch for sell confirmation. Possible sell idea: Entry: Rejection from 1.16551 or 1.16766 Stop Loss: Above the rejection high TP1: 1.16330 TP2: 1.16214 TP3: 1.15912 If price breaks and closes below 1.16214, that would be the stronger bearish confirmation. My current view: EUR/USD is in a short-term pullback attempt inside a larger bearish structure. I’m not chasing the middle. Above 1.16330, I’ll watch for continuation higher. Below 1.16214, I’ll watch for bearish continuation. At 1.16551 / 1.16766, I’ll watch for possible sell reactions. Clean levels. No forcing trades. Confirmation first. This analysis is for educational purposes only. Trade with your own risk management.