EUR/USD 4H CHART PATTERN

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EUR/USD 4H CHART PATTERNEuro / U.S. DollarFOREXCOM:EURUSDDynamic_Trade_Strategies EUR/USD is showing strong bearish pressure on the 4-hour timeframe after breaking below a key ascending channel structure. The chart highlights multiple bearish breakout confirmations, indicating that sellers have gained control of the market. Price attempted to recover following the initial breakdown, but bullish momentum remained weak and failed to establish a sustained move higher. ⚠️ The pair is currently trading near an important support area, where consolidation is taking place. However, the overall market structure remains bearish, with lower highs forming and downside momentum continuing to build. The Ichimoku cloud also supports the bearish outlook, as price remains below key trend indicators. πŸ”» A confirmed breakdown below the current support zone could accelerate selling pressure and open the door for further declines. πŸš€ Traders should monitor price action closely, as bearish continuation remains the favored scenario. 🎯 First Target: 1.1555 🎯 Second Target: 1.1502 🎯 Third Target: 1.1449 Overall, EUR/USD remains bearish unless buyers regain control and push the pair back above the broken trendline resistance. πŸ“Š If you found this XAUUSD analysis helpful, don’t forget to LIKE πŸ‘ and COMMENT πŸ’¬!