1H Outlook: Bearish Momentum Targets Lower Liquidity ZonesEUR/USDOANDA:EURUSDVENTURA_GLOBALPrice established a bullish structure following a confirmed Change of Character (CHoCH) and advanced into a higher-timeframe resistance zone. A strong bearish displacement from this area resulted in a break of intraday structure, shifting short-term momentum to the downside. Following the impulsive decline, price is consolidating within the current Fibonacci retracement range, indicating the potential for a corrective move before the next directional expansion. Key Technical Levels Major Resistance: 1.1610–1.1620 This zone represents the origin of the recent bearish reaction and remains the primary supply area. A sustained move above this level would invalidate the current bearish outlook. Bearish Order Block: 1.1515–1.1528 The latest bearish order block aligns with the premium portion of the current range and may attract renewed selling pressure if price retraces higher. Golden Zone (0.618–0.786 Fibonacci): 1.1487–1.1505 This retracement area represents a high-probability region for bearish continuation. The confluence between the Fibonacci levels and the bearish order block strengthens this zone. Equilibrium Level (0.50 Fibonacci): 1.1474 The midpoint of the measured range serves as a key reference level. Sustained trading below equilibrium maintains the bearish intraday bias. Support Zone: 1.1419–1.1445 This area marks the current demand zone and the primary downside objective. A breakdown below support would expose lower liquidity levels. Trading Scenarios Bearish Scenario A retracement into the 1.1487–1.1505 premium zone, followed by rejection from the bearish order block, could support a continuation toward 1.1445 and 1.1419. Alternative Bullish Scenario A sustained 1-hour close above 1.1505 would weaken the bearish outlook and increase the probability of a move back toward the 1.1610–1.1620 resistance zone. Risk Management Wait for price confirmation within the identified zones before entering a position. Avoid initiating trades in the middle of the range, where risk-to-reward conditions are less favorable. Monitor upcoming macroeconomic releases, as major economic data and central bank expectations can significantly influence price action. This analysis is for educational purposes only and does not constitute financial advice. Conduct independent research and apply appropriate risk management before making any trading decisions.