EURUSD

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EURUSDEuro vs US DollarICMARKETS:EURUSDMARKET_WIZARD1EUR/USD remains under selling pressure after failing to sustain momentum above the key resistance zone around 1.1650 – 1.1660. Price action continues to respect lower highs, while sellers maintain control below the major resistance level, keeping downside risks elevated. 📍 Selling Zone: 1.1610 – 1.1620 🛑 Invalidation: Sustained break above 1.1650 🎯 Target 1: 1.1580 🎯 Target 2: 1.1560 🎯 Target 3: 1.1550 💡 Market Idea: A pullback into the highlighted supply zone could attract fresh sellers. If bearish momentum continues and price remains below the key resistance, EUR/USD may extend its decline toward the major support area around 1.1550. Traders should wait for bearish confirmation signals within the selling zone before considering entries. ⚠️ Risk management is essential, especially during high-impact economic news and USD-related events.