FX.co ★ sangita_murmu | EUR/USD

the EUR/USD 4-hour chart, my current view is that the pair remains under clear bearish pressure, although the latest price action suggests that sellers may be losing some momentum in the very short term. The overall structure has been dominated by lower highs and lower lows since the pair reached the 1.1640–1.1645 region earlier in September. For me, the key question now is whether the recent rebound from the 1.1350 area can develop into a meaningful recovery or simply represents another temporary correction within the broader downtrend The first thing that stands out to me is the descending red trendline. Price has respected this line several times, with rallies repeatedly failing to produce a sustained breakout. This gives me a relatively clear reference point for the current bearish structure. As long as EUR/USD remains below this descending trendline and continues to form lower highs, I would consider the broader H4 trend bearish Price is currently trading around 1.1385, after recently finding support close to 1.1350–1.1360. This zone is important in my view because the market reacted positively from it and produced a short-term rebound. However, the recovery has so far been relatively limited. I would therefore avoid interpreting the latest bounce as a confirmed trend reversal until the pair can break and hold above meaningful resistance. The first resistance area I am watching is around 1.1410–1.1420. A convincing H4 close above this zone would be an important improvement for the buyers and could open the way toward 1.1440–1.1460. The next significant area is around 1.1490–1.1500, which previously acted as a consolidation and rejection zone. In my opinion, a sustained move above that region would provide much stronger evidence that the bearish structure is changing On the downside, 1.1350 is the immediate support that I am watching closely. If sellers manage to break this area decisively, I would expect the market to potentially continue toward the next psychological and technical levels below it. A clean break accompanied by strong bearish candles would reinforce the existing downtrend rather than simply creating another short-term fluctuation. Another interesting detail on the chart is the Parabolic SAR. For most of the decline, the dots have remained above price, supporting the bearish trend. Near the latest candles, however, the indicator appears to have started shifting around the price action, which tells me that short-term momentum may be becoming less one-sided. I would treat this as an early warning rather than confirmation of a reversal The recent candles also show some hesitation around the lows. That makes me cautious about entering a short position after an extended decline without waiting for confirmation. Personally, I would prefer to see either a failed recovery near resistance or a decisive break below support before considering the next major directional move.