FX.co ★ Mt5Trader | EUR/USD

EUR/USD Technical Analysis (4-Hour Chart) The EUR/USD pair continues to trade within a medium-term bearish structure on the 4-hour timeframe despite stabilizing over the past two weeks. Following the sharp decline from the 1.1600–1.1580 region in mid-June, bearish momentum accelerated and pushed the pair toward 1.1325, establishing a new swing low. Since then, price has entered a consolidation phase, oscillating within a relatively narrow range as buyers and sellers remain in equilibrium. The inability of bulls to reclaim higher resistance levels indicates that the recent recovery is corrective rather than the beginning of a sustained bullish reversal. From a strong impulsive downtrend into a sideways consolidation between 1.1383 and 1.1453. This range-bound movement reflects uncertainty, as neither buyers nor sellers have been able to establish dominance. The series of lower highs formed after the June decline suggests that the broader bearish trend remains intact. Every rally toward the upper boundary of the range has attracted fresh selling pressure, preventing the price from developing a higher-high structure that would be required to confirm a trend reversal. The most recent candles show that EUR/USD is trading around 1.1438, just below the immediate resistance at 1.1453. The pair recently attempted to extend higher but failed to sustain bullish momentum, resulting in a mild pullback. This rejection indicates that sellers remain active around resistance levels and continue defending the upper boundary of the current trading range. Unless buyers can achieve a decisive close above 1.1453, the pair is likely to remain vulnerable to another move toward lower support levels. The Stochastic Oscillator currently shows readings near 24.70. The oscillator has crossed lower and is approaching the oversold region, suggesting that bearish momentum is increasing in the near term. Although oversold conditions can occasionally trigger short-term rebounds, the current crossover supports the likelihood of additional downside pressure before a meaningful recovery develops.

On the downside, the first important support is located at 1.1383, which has repeatedly acted as the lower boundary of the recent consolidation. A decisive break below this level would expose 1.1325, representing the major swing low established after the June sell-off. A sustained move beneath 1.1325 would confirm a continuation of the broader bearish trend and could encourage increased selling activity as traders target lower price levels. Conversely, buyers must first overcome 1.1453 to improve the short-term outlook. A successful breakout above this resistance would shift attention toward 1.1500, followed by 1.1530 and 1.1579, where previous supply zones are expected to generate renewed selling interest. The major resistance remains at 1.1608, which represents the highest level on the chart and the point where the broader bearish structure would begin to lose validity if decisively broken. A breakout above resistance would indicate strengthening buying momentum and increase the probability of an advance toward 1.1503–1.1579. Conversely, a breakdown below 1.1383 would reinforce bearish sentiment and likely trigger another decline toward 1.1325. Support 1.1383 – Immediate support 1.1325 – Major support and bearish continuation level Resistance 1.1453 – Immediate resistance 1.1503 – Secondary resistance 1.1579 – Strong resistance 1.1608 – Major long-term resistance The 4-hour EUR/USD chart maintains a slightly bearish to neutral outlook. Although the pair has stabilized after the sharp decline in June, it continues to trade below key resistance levels while momentum indicators show weakening buying pressure. The Stochastic Oscillator favors additional short-term downside, and the prevailing market structure continues to support the broader bearish trend. Unless buyers achieve a sustained breakout above 1.1453 and 1.1503, rallies are likely to remain corrective. A confirmed break below 1.1383 would strengthen the bearish outlook and increase the probability of a retest of 1.1325, while a move above 1.1503 would be the first indication that bullish momentum is beginning to build.