FX.co ★ Jackroay | EUR/USD

EUR /USD Daily Chart Technical Analysis The EUR/USD daily chart is currently showing a strong bearish market structure after price failed to maintain higher levels and started a clear downward movement. I can see that the market recently rejected the upper resistance area around 1.1490, where sellers entered aggressively and pushed the price lower. The overall structure now suggests that bearish momentum is dominating because price has broken below an important horizontal support level near 1.1414. This breakdown confirms weakness in the market, and I believe sellers currently have stronger control. The recent red candles show increasing selling pressure, and the market is reacting exactly as expected after failing to sustain bullish continuation. Supply Zone Analysis The marked Supply Candle on the chart indicates the exact area where institutional sellers likely entered the market. I notice that after price touched this supply zone, a sharp bearish move started immediately. This tells me that strong sell orders were waiting at that level, preventing buyers from pushing price higher. The supply zone is acting as the main rejection area, confirming bearish sentiment in the market structure. Support Becomes Resistance (SBR) The SBR (Support Becoming Resistance) level is one of the strongest confirmations on this chart. I can see that price previously respected this area as support, but after breaking below it, the same level is now acting as resistance. This shift usually signals continuation toward lower prices and confirms that sellers remain dominant in current market conditions. Fair Value Gap and Selling Zone The highlighted Fair Value Gap (FVG) shows an imbalance area where price may retrace before continuing downward. I observe that the marked Strong Selling Zone overlaps with this imbalance, creating a high-probability bearish setup. If price retraces back into this zone, I would expect sellers to defend the area again. Based on the overall structure, I believe EUR/USD may continue falling toward deeper downside targets near 1.1000 in the coming sessions.