EURUSD – Bearish Momentum PlayEUR/USDOANDA:EURUSDPridarasx EURUSD – Bearish Momentum Play ### *Overview & Bias* * *Direction:* Short / Bearish * *Timeframe:* 15-Minute (OANDA) * *Current Price:* 1.13479 ### *Technical Setup & Rationale* * *Trend & Wave Alignment:* The market has established a clear lower-high and lower-low sequence, breaking down significantly below previous consolidation zones. The directional wave is strongly down, riding a sharp, reactive move away from the overhead resistance levels. * *Key Levels:* * The market saw severe rejection near the *1.14606* zone (marked by the open orange short order). * An additional execution layer was added around *1.14066* as the breakdown accelerated. * *Volume & Exhaustion:* The steepness of the drop indicates strong supply coming into the market, cleanly invalidating previous internal support structures. ### *Trade Parameters* * *Entry Zones:* 1.14606 & 1.14066 * *Take Profit (TP):* *1.12979* (Major structural support target) * *Current Position Status:* In profit, approaching the terminal target band.