EURUSD: Confluence Resistance Is Putting Pressure on BuyersEUR/USDOANDA:EURUSDParadise_NoirThe EURUSD H4 chart continues to show a bleak picture as the price is held back below the downtrend line that has lasted since mid-May. Each recovery attempt is quickly met with selling pressure in the 1.1630–1.1640 area, where the descending trendline, Ichimoku cloud, and short-term horizontal resistance converge. From a macroeconomic perspective, the market is focusing on the ECB meeting and upcoming US labor data. While the ECB is expected to signal further easing in the coming months, the US economy remains relatively stable, helping the USD maintain its advantage. This divergence in monetary policy expectations is putting pressure on the EUR. Technically, the descending highs structure remains intact. The price is currently below the Ichimoku cloud and has not been able to break through the nearest resistance zone, indicating that sellers are still in control of the short-term trend. If the 1.1634 area continues to be successfully defended, EURUSD is likely to retest the 1.1570 support zone, possibly extending to lower lows. Reference plan: • Sell: 1.1625 – 1.1635 • TP1: 1.1570 • SL: 1.1665