EURUSD -Bearish Continuation Below H4 EMA StructureEuro/US DollarFX:EURUSDXAU_Macro_Pulse Bearish Continuation Below H4 EMA Structure, Sell View Remains Preferred Fundamental Analysis EURUSD is currently trading in a cautious market environment as traders continue to monitor U.S. dollar strength, interest rate expectations, and upcoming macroeconomic data from both the U.S. and the Eurozone. When the dollar remains supported, EURUSD often struggles to sustain recovery attempts, especially when price is trading below key technical resistance. At this stage, the pair has not shown enough bullish strength to confirm a clean reversal. The broader structure still favours sellers while price remains capped below the H4 EMA resistance area and the descending trendline. Technical Analysis On the H4 chart, EURUSD is trading below the EMA 34, EMA 89, and EMA 200, showing that the current structure remains bearish. The EMA cluster is acting as dynamic resistance, and recent bullish reactions have failed to create a sustained breakout above this area. The descending trendline from the previous highs is still controlling the upside. Price has made several attempts to recover, but each move into the upper resistance area has been rejected before a clear bullish continuation could develop. This keeps the main bias aligned with the downside. From an ICT perspective, the chart shows a clear bearish setup around the 1.1642 - 1.1660 area, where the marked order block is located. Above this zone, buy-side liquidity is resting around 1.1660 - 1.1691. If price pulls back into this region, sweeps liquidity, and then rejects, it may offer a cleaner sell continuation setup. The current sell-side liquidity sits around 1.1585 - 1.1575. A clean bearish displacement below this zone could open the path toward the lower liquidity area near 1.1423, which is also the major low zone marked on the chart. Overall, as long as EURUSD remains below the H4 EMA structure and the descending trendline, the preferred plan is to wait for sell confirmation from resistance rather than chasing price at the lows. Important Key Levels Near resistance: 1.1642 - 1.1660 Bearish order block: 1.1642 - 1.1660 Buy-side liquidity: 1.1660 - 1.1691 EMA resistance area: 1.1626 - 1.1691 Current sell-side liquidity: 1.1585 - 1.1575 Short-term support: 1.1575 - 1.1560 Major downside target zone: 1.1423 Invalidation area: above 1.1695 Trading Scenario Main Sell Scenario Entry: 1.1642 - 1.1660 Stop Loss: 1.1695 Take Profit 1: 1.1585 Take Profit 2: 1.1560 Take Profit 3: 1.1423 Sell Condition The preferred sell setup is to wait for EURUSD to pull back into the 1.1642 - 1.1660 resistance zone, where the bearish order block, EMA resistance, and descending trendline are aligned. A sell setup becomes more valid if price shows clear rejection from this area, such as a failed breakout, long upper wick, bearish engulfing candle, or a sweep of buy-side liquidity followed by a return below the order block. Selling directly at the lows is less attractive because price is already near short-term sell-side liquidity. A pullback into resistance would provide a cleaner structure and better risk-to-reward conditions. Alternative Scenario — Invalidation Only This is not the main buy view. However, if EURUSD closes strongly above 1.1695 on the H4 chart and holds above the EMA cluster, the bearish setup should be considered invalid. In that case, price may attempt a deeper recovery before a new structure forms. Entry Conditions Do not enter only because price touches a level. Wait for confirmation from price action before taking any position. The best sell condition is a pullback into the order block followed by bearish rejection. If price breaks and holds above 1.1695, the sell setup is no longer valid. Risk management is essential because EURUSD can create liquidity sweeps before choosing direction. Overall, the main view remains bearish while EURUSD trades below EMA 34, EMA 89, EMA 200, and the descending trendline on the H4 chart. The cleaner plan is to stay patient and wait for a pullback into resistance before looking for sell confirmation. Do you share the same bearish view on EURUSD, or are you waiting for stronger confirmation before taking a position?