EURUSD Price Outlook – Trade SetupEuro vs. US DollarFX:EURUSDATFX_Global🌐Macro Background The EUR/USD pair maintains a defensive posture near the 1.1400 psychological level, ahead of Eurozone inflation data. Market participants are looking ahead to critical upcoming data points and risk events to determine the pair's next major leg: The release of the Eurozone’s preliminary Harmonised Index of Consumer Prices (HICP) and the upcoming speeches by both the FOMC Chairman and the ECB President. The focus is on Thursday's US Nonfarm Payrolls (NFP) report, a vital indicator of the Federal Reserve's future monetary policy. 📊Technical Structure Given the macroeconomic divergence, the medium-term bias remains firmly bearish, favouring a strategy of selling into rallies. Following the sharp sell-off to the support zone, price action is currently wedged within a corrective consolidation pattern. The upper trendline caps recent corrective highs near 1.1430–1.1440, while a rising lower trendline supports the immediate higher lows. 🎯 Trade Setup Aligning with the broader bearish trend, the optimal approach is to anticipate a breakdown as the primary trigger or a fade of a corrective rally into key overhead resistance as the secondary trigger. Entry Strategy: Look for short execution within the 1.1440–1.1470 region only if the corrective bounce reaches the upper boundary or the lower threshold of the resistance zone. 📌Invalidation A sustained daily close above 1.1509. Such a move would break the series of lower highs and shift the medium-term market bias from bearish to neutral/bullish. 📌Trade Summary Sell EUR/USD on corrective rallies toward 1.1440–1.1470, or on a trendline breakdown after a confirmed move, targeting 1.1359 and 1.1325, with an invalidation level above 1.1509. ⚠️Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.