EURUSD – 4H Analysis

EURUSD – 4H Analysis
EURUSD is currently showing signs of a short-term bearish correction after a strong bullish move. Price has broken the rising trendline and is now trading below a key resistance around 1.1700. The market is reacting near a significant demand zone around 1.1650, which could either hold for a bounce or break for further downside continuation. As long as price remains below resistance, bearish pressure is favored. Buyers should wait for clear confirmation before considering long positions.