EURUSD Megaphone Breakdown Signals Deeper Bearish Move

EURUSD Megaphone Breakdown Signals Deeper Bearish Move

EURUSD breaks below the megaphone pattern support, confirming bearish momentum on the 4H timeframe.

Price is now heading toward the first target near 1.1536, while a deeper continuation could extend losses toward the 1.1425 support zone.

As long as price remains below the broken structure, sellers remain in control.

It’s possible that EURUSD may wait for the FOMC minute on Wednesday about more clarity on the USD front before it moves down more. So don’t rush as it can also take a pause first.